Wirehouses, Others Actively Attract Reps
In the final months of 2012, the wirehouse firms continued to recruit advisors from each other and from other broker-dealers.
Top 30 401(k) Plans of 2012
Brightscope, which provides retirement plan ratings and investment research, released its fourth annual Top 30 401(k) plans with more than $1 billion in assets.
Barclays Recruits 18 Advisors; Morgan Stanley Adds 1; LPL Group Brings on Wells Team
The new Barclays advisors come from many wirehouse and other firms with close to $40 million in yearly fees and commissions, as well as about $9.4 billion in assets.
Moody's Says Sandy Likely to Drive Further Rate Increases
Moody’s reports that one positive result of Hurricane Sandy for insurance companies is that the event will likely help support price increases going into 2013.
UBS to Slash 10,000 Jobs
The actions are seen as a way for UBS to go "back to its roots" in the advisory business.
Credit Suisse to Slash $1.1 Billion More on Plunging Profits
It will cut additional jobs and possibly sell off its ETF business, seeking to make up for a drop in profits of 63%.
Taking Sides: Will Wall Street’s Generosity to GOP Continue?
In the 2008 presidential race, Barack Obama had a substantial edge over John McCain in raising money from Wall Street. That advantage has not only evaporated for the president in the current race, but has reversed dramatically.
The 2012 Top Wealth Managers Profiles: No. 10—Silvercrest Asset Management
At No. 10 on the list of Top Wealth Managers: Silvercrest, an employee-owned business that seeks to offer “bespoke service like old private banks”
Solid growth and promising research and development pipelines bode well for companies that sell pharmaceutical and related health-care products.