Raymond James Recruits Wirehouse Reps With $1.75B
The 11 financial advisors join its employee, independent and Alex. Brown units from UBS, Merrill Lynch and Morgan Stanley.
Merrill to Stay in Broker Protocol; Wells Fargo on Fence
One recruiter wonders: Why is the BofA wealth unit staying in the recruiting deal while Morgan Stanley and UBS have left?
Morgan Stanley Undercuts Rivals With Robo
Targeting younger investors, Morgan Stanley has launched its online platform, Access Investing, with an annual fee below that of wirehouse rivals.
RBC Wealth Nabs UBS Branch Manager: Recruiting Roundup
Meanwhile, Janney brings on advisors from Merrill and Wells Fargo, and Raymond James’ independent channel picks up a Wells team
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.
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.
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.
Securities America Nabs $1.7B OSJ From National Planning Corp.
Two Ladenburg Thalmann-owned BDs have landed billion-dollar groups.
‘Financial Caregiving’ Is Widespread and Expensive
"Financial caregiving" is a near-universal part of elder care but has remains largely unexamined. Merrill and Age Wave studied more than 2,000 caregivers.