Road to Independence Is Particularly Rocky for Minorities
Despite the hurdles minorities face in going independent, it should still be a goal for young planners.
Raymond James Grabs Another Husband-Wife Team From Morgan Stanley
The Houston-based group has about $70 million in assets and $700,000 in yearly production.
Raymond James Nabs $225M Wells Rep
The veteran advisor, Mark Teed, joins its employee channel.
Mergers: A Tech Nightmare for Advisors
No one presumes that technology integration between big financial services firms will be headache-free, but such unions can unleash tech fiascoes. At stake: advisor productivity and morale.
New Hire Roundup: Hatteras Promotes Murphy
This week in new hires, Robert Murphy was named CIO of Hatteras Alternative Mutual Funds; Steven Lofquist went to JHS Capital Advisors; and Franklin Square welcomed Mike Gerber.
Branch Manager’s Cowboy Call: ‘Can You Ride for the Brand?’
Hard-driving, competitive, goal-focused, Keith A. Vanderveen, president of the home region of Wells Fargo Advisors’ Private Client Group, does not mince words.
New Hire Roundup: Oliner, Kleinke Join AEI; Bozek Advances at Prudential
This week in new hires, Stephen Oliner and JD Kleinke went to AEI; Joan Bozek was promoted at Prudential Retirement; Steven McKay and Joseph Kaplan went to Putnam Investments.
Wirehouse Market Share Declines as Firms Focus on Profitability
Wirehouses are continuing to lose ground in asset management market share, but do they even care? A new report from financial services industry research firm Cerulli projects that the four biggest brokerage firms will remain the largest distribution channel by a factor of nearly two.
Raymond James Adds 5 Advisors From Wells, UBS
Five reps join Raymond James as employee advisors in the Southeast with about $4 million in yearly fees and commissions and close to $700 million in combined assets.
UBS Adds 8 Advisors With $994 Million; Raymond James Hires 3 With $281 Million
UBS said late Monday that it had hired eight financial advisors recently with $994 million in assets, including three from Bank of America-Merrill Lynch (BAC). Meanwhile, Raymond James said early that it added three financial advisors with a total of $281 million in assets.