SEC Deals Merrill a $425M Wallop; Other Firms Could Be Next
The regulator says the wirehouse failed to safeguard investors' cash and other holdings; other broker-dealers must self-report customer protection violations by Nov. 1.
Morgan Stanley Expands Nonresident Wealth Business
It adds two executives from Credit Suisse to boost these operations, which have some 400 reps and $90 billion in assets.
Recruiting Roundup: Raymond James Adds $205M Wells Team
Meanwhile, LPL Financial, U.S. Trust and others announce new affiliated reps and management hires.
Should UBS Sell UBS Americas?
Rumors are surfacing again, only to be denied by UBS. But “the conversation does make sense,” Aite’s Alois Pirker tells ThinkAdvisor.
Is There a Winning Personality Type for Top Advisors?
AssetMark researchers attempted to find out by studying 41 firms — and merely participating in the study boosted the firms' results.
Top Portfolio Products: Strategy Shares Launches With 2 Actively Managed ETFs
Products and services added during the past week go well beyond the usual new ETFs to include an investment banking platform and phone-based advice service.
What the Case of a Broker Who Had an Affair With a Billionaire Client Means for Advisors
A contentious debacle involving ex-Morgan Stanley advisor Ami Forte and her billionaire client, Roy Speer, evokes concerns about elder exploitation and gender discrimination.
UBS Announces Major Changes
In order to help raise pay for top advisors and support retention, the group says, it will reduce advisor recruiting by 40%.
When It Comes to Switching Broker-Dealers, Just Do It!
For advisors who have decided to move on with their advisory practices, there are numerous reasons not to dawdle.
Ric Edelman Schools the Brokerage Industry
Rather than filing lawsuits, why doesn't the brokerage industry transition its business to put clients' interests first?