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.”
Wells Fargo Sees ‘Feeding Frenzy’ for Credit Suisse Advisors
Wealth head David Carroll says retention bonuses are `much lower' than those of peers.
Recruiting Roundup: Where Are the Credit Suisse Reps Going?
Many of these advisors decline to hook up with Wells Fargo and opt instead to join rival wirehouses.
United Capital Adds 2 Firms, $1.5B in Assets
The fast-growing RIA consolidator picks up retirement and wealth management groups in Maryland and Pennsylvania.
Dynasty Taps New Execs for Further Growth Spurt
The platform has added 10 new advisor groups in 2015 and sees new business developing nationwide.
Janney Grabs Wealth Planning Exec From Vanguard
Martin Schamis comes over to lead planning solutions for the firm's 740 financial advisors.
Credit Suisse Mulls Sale of U.S. Private Bank
U.S. wealth management business is estimated to have $115 billion in AUM and about 370 advisors.
Can Old Wall Street Firm Re-Emerge as Boutique RIA?
The team at C.J. Lawrence says it has the "DNA" to address high-net-worth investors.
SS&C Divides Advent Business, Taps Leaders for 2 Units
Wealth management, including the Black Diamond platform, will be run separately from asset management.
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.