Raymond James, LPL Add Teams From Morgan Stanley
The two groups each have $200 million or more in assets; Securities America taps recruiter; Foothill Securities brings on $1B group.
Morgan Stanley’s Dhanda Named to New Role in Wealth Unit
He replaces Andy Saperstein, who is becoming co-COO of institutional securities.
FiNet President: Wells Fargo ‘Loves Our Growth Story’
Wells Fargo Advisors’ independent channel has been on a tear, adding 99 advisors last year, FiNet President Kent Christian says.
For Product Providers, Wirehouses Still Rule: Cerulli
Though wirehouses' market share is declining, they still hold the biggest share of assets, so product providers must adapt to their changing needs, Cerulli says.
All Eyes on SEC Chief to Move Fiduciary Forward, FINRA’s Ketchum Says
Meanwhile at SIFMA's regulatory conference, the Wall Street lobby released a study challenging the White House's claim that conflicted advice costs investors $17 billion annually.
Baird Adds Ex-UBS Team, Former Morgan Stanley FA in Texas
Meanwhile, Raymond James recruits five advisors to its financial institutions group.
Deconstructing One Broker’s Take on a Fiduciary Standard
A broker responds to my March column for investment Advisor on the fiduciary standard and makes some good points. And some not-so-good points.
Raymond James Adds $1.9M Ex-Morgan Stanley Team
The group of two reps managed about $150 million of client assets in Washington, D.C.
Merrill Grabs $3.1M Team From UBS in Palm Beach
The veteran group includes four advisors with about $500 million in client assets.
A Fiduciary Standard May Leave Some Investors Out of Luck
The fiduciary standard may bring a higher level of service to some investors, but it may also inadvertently leave many out in the cold.