Recruiting Wars for Teams Heat Up
Recruiters say the departure of Harvey Kadden and his colleagues from Merrill should send a strong warning to Bank of America-Merrill Lynch — either improve the relationship between the bank management and FAs or watch more wealth managers depart.
$1B Merrill Team in New York Jumps to Morgan Stanley
Following Krawcheck’s departure, the group of five veteran advisors led by Harvey Kadden decided to leave, too, sources say. Recruiters says departure sends a strong warning to B of A-Merrill.
Where’s Your Compensation Heading?
Most financial advisors expect to see a spike in revenue in 2011 but continuing market volatility and a growing unease over Washington have put a chill on any unfettered enthusiasm.
The Paycheck Question
Advisors will make slightly more money in 2010 than they did last year -- but then that's not saying a whole lot, is it? And,...
50 Top Women in Wealth Management for 2010
Selected by an advisory board of distinguished women involved in the wealth management business, the list of the 50 Top Women in Wealth Management...
UBS Adjusts FA-Recruiting Packages: Pushes Total Bonuses Up to 260-280%
Under the leadership of former Merrill Lynch executive Bob McCann, UBS Wealth Management Americas has introduced a new recruiting package. Though UBS' latest recruiting...
M&A: The Future of Wealth Management?
Ask any RIA or wealth management firm what tops their hit list. Five, ten years ago, the answer probably would have been more assets, more...