UBS Exits Protocol, Creating ‘New World’ for Advisors, Clients
The departure will impact reps and clients, says Danny Sarch, though Mark Elzweig sees things differently.
Ameriprise Adds 3 Morgan Stanley Advisors: Recruiting Roundup
The advisors come on board in Arizona, Massachusetts and Minnesota with a total of $234 million.
Flattening Yield Curve Is Like Surging Bitcoin to Morgan Stanley
As the price of bitcoin nearly doubled since September, the yield spread between two- and 30-year debt has been narrowing.
13 Best & Worst Broker-Dealers: Q3 Earnings, 2017
Most, but not all, large financial firms with broker-dealer operations reported positive results for the quarter.
Securities America Adds $446M All-Women RIA: Recruiting Roundup
Meanwhile, RBC draws teams from Wells Fargo and UBS, and Ameriprise brings on a group from Merrill Lynch.
SEC’s Top 3 Enforcement Priorities
Stephanie Avakian, co-director of enforcement, said the agency is trying to be “more strategic,” expanding the use of digital analytics in investigations.
Brokers ‘Not Happy’ With Merrill’s New Comp Plan: Recruiter
Danny Sarch criticizes the bonus hurdles, while other industry watchers say the targets are achievable.
Lessons for Advisors From a Bus Tour
The American Century/Investopedia tour, covering six cities in five states, found that advisors should focus more on financial planning than portfolio management to attract clients.
Wells Fargo Finally Launches Its Robo-Advisory Service
Intuitive Investor is available for clients with a minimum $10,000 in assets for a fee of 50 basis points.
Number of Advisors Going Indie Up 75% Since 2012: Schwab
Schwab Advisor Services analyzed SEC registration data to determine the number of advisors who entered the independent space.