Boards are much more aggressive than they were.

That's not to say there won't always be pressure points in the selling of mutual funds and other products. It's a situation where compliance personnel and lawyers are going to have to work with the business people to ensure that all regulatory rules are met.

His number one task will be to get the division moving. In this situation, it's as if the machinery and the wheels of the division need to be working again.

We've heard it from a host of our clients, both from the broker-dealer and investment-management perspective.