Focus Draws $1B UBS Breakaway Team
Raymond James tweets its recruiting news, as Morgan Stanley and UBS share their latest advisor deals.
Shh! Virtual Recruitment Market Lets Advisors Shop Anonymously for New Firms
Companies that have signed on to the Advisor Center include Cetera Advisors, Commonwealth Financial Network, LPL Financial, Pershing Advisor Solutions and TD Ameritrade Institutional.
Bonuses Up 8%: Report
Wall Street bonuses should be up about 8% this season and total $20 billion, according to New York State Comptroller Thomas DiNapoli. But experts caution that this increase doesn’t necessarily translate into much these days for advisors.
Bonus Season’s Cash Payouts ‘De Minimis,’ Expert Says
The latest figures don’t make an ugly picture for Wall Street employees any prettier.
Raymond James Recruits Wells Fargo Mother-Daughter Team
A Baltimore-based CFP team with $200 million in AUM and $2 million in annual production has jumped ship from Wells Fargo to join Raymond James’ IBD channel.
Morgan Stanley’s Social-Media Drive
While rivals are working behind the scenes, Morgan Stanley is moving publicly—and quickly—to embrace social media, experts say.
Independence Still Looks Good, Though Few Take the Plunge
A survey of some 2,500 traditional employee advisors found that more than 70% are considering a move to independence, says Diamond Consultants, a recruiting and consulting firm.
BofA to Sell Merrill’s Foreign Wealth Units, Report Says
BofA is trying to raise $3 billion through the overseas sale, according to Reuters, but that could lead to some flight among U.S. advisors.
Wells Fargo’s Burgeoning FiNet ‘Well Positioned’ to Draw Breakaways
"Providing quality advisors with the choice and flexibility they want and need to be as successful as possible is central to our mission," Wells Fargo Advisors Financial Network President John Peluso said.
Wirehouse Push Into Indie-BD Space Could Follow Wells’ Model
But making a semi-independent or fully independent channel work within the wirehouse world is no easy feat, experts say.