UBS Americas to Boost Product Sales as Recruiting Focus Fades
The group, which tops rivals with average fees and commissions, is shifting its strategy, says CFO Kirt Gardner.
‘No Evidence’ DOL Rule Is Hurting Recruiting: Raymond James
Though Morgan Stanley says the fiduciary standard is slowing advisor movement, the independent advisor group begs to differ.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
Morgan Stanley Fined $1 Million Over Loan Sales Incentives: Enforcement
In other enforcement actions, the SEC charges two lawyers and a paralegal in a stock manipulation scheme.
Focus Financial Nabs $2.7B RIA; Raymond James Adds Wirehouse Rep: Recruiting Roundup
Meanwhile, U.S. Trust hires a philanthropic sales director and S2K brings on a due diligence executive.
Back to Tax Basics: Review the Cost Basis
Advisors and investors should focus on this critical measure to help save money (and time) spent on taxes.
Raymond James Adds Team of Women From Morgan Stanley: Recruiting Roundup
Meanwhile, TD Wealth grabs a group in New Jersey from Wells Fargo.
Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
Morgan Stanley to Launch Small Retirement Plan Platform
The wirehouse says its advisors can use the technology to offer small-business clients the ability to handle 401(k) plans with less than $10 million.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”