Breaking Away—When the Wirehouse Wants You to Stay
Independence-minded advisors encounter significant incentives and obstacles oriented toward keeping them and client assets in-house.
Where Edward Jones Is Tapping Talent
The brokerage has revamped its recruiting strategy—with dramatic results.
Direxion Reverse Splits Funds
On July 8, the Direxion Daily Financial Bull 3x Shares (FAS) had a 1-for-5 reverse split and the Direxion Daily Financial Bear 3x Shares (FAZ)...
Stifel Nicolaus Buys Part of UBS
St. Louis-based Stifel, Nicolaus & company says it has reached a deal with UBS Financial Services to acquire up to 55 branches and 320 financial...
Stifel Shares Details on UBS Acquisition (March 24, 2009)
St. Louis-based Stifel, Nicolaus & Company says it entered a deal with UBS Financial Services to acquire up to 55 branches and 320 financial advisors from the UBS Wealth Management Americas branch network.
Wachovia to Buy A.G. Edwards
After helping to build Wachovia Securities through the consolidation of more than 20 broker-dealers, President and CEO Daniel Ludeman says, "The 'barbelling' is occurring very...