UBS Improves Earnings, but Wealth Groups Falter
Advisors in the Americas have average assets of $145 million and average production of $1.06 million.
Bills Introduced to Foil DOL Fiduciary Plan
The SAVERS and ARAP Acts aim to preserve relationships between advisors and retirement savers, supporters say.
Wells Fargo 2016 Comp Plan Pushes FAs to Give Away Small Accounts
Advisors are being encouraged to transfer clients with $65,000 or less in assets to other professionals at the company.
Jefferson National Adds Chief Investment & Research Post
Thomas Quinn, CFA, joins the platform for 3,000 advisors from a boutique firm.
Raymond James’ Deutsche Deal a ‘Clever’ Recruiting Strategy
In buying Deutsche Bank's U.S. wealth unit, Raymond James is well-positioned to attract boutique advisors just as many boutiques are closing, recruiter Mark Elzweig says.
Merrill Raises Goalposts for Advisor Payouts
Advisors unable to increase their fees and commissions could see their cash payouts drop under Merrill's 2016 comp plan.
Morgan Stanley Adds Bonuses for Advisors Who Land Cash-Heavy Clients
Under Morgan Stanley's 2016 comp plan, advisors can receive $5,000 to $50,000 a year for growth in clients who are “cash management engaged.”
‘Late to the Game,’ Wells Fargo Wins Deal to Recruit Credit Suisse Reps
The wirehouses and other firms are competing fiercely for some 300 wealth managers from Credit Suisse, which is closing its U.S. private banking unit.
Just 18% of Advisors Think Fed Will Hike Rates This Month: Fidelity
However, more than 60% expect the Federal Reserve to bump up interest rates in 2016, the poll finds.
Morgan Stanley Tightens Its Overseas Client Service
The wirehouse says 400 U.S.-based reps will be allowed to serve international clients with at least $500,000 in assets.