Paychecks and Balances
You know a trend is well on the way to becoming business as usual when “independent” broker-dealers start jumping on the bandwagon.
Another Breakaway Merrill Advisor Heads to HighTower
Mike Papedis of HighTower’s business development unit says the addition of Charles Holt to the Pagnato-Karp Group shows how compelling the RIA business model is to individual advisors.
HighTower’s Weissbluth: ‘Brokers Are Butchers; Fiduciaries Are Dietitians’
Elliott Weissbluth’s two-and-a-half minute whiteboard animation video recently posted on YouTube calling brokers “butchers” and fiduciaries “dietitians” is drawing quite a bit of attention.
Merrill, Morgan Talent Drain Needs Response, Expert Says
As more brokers move to independence, the wirehouses are left fighting over remaining reps.
Billion-Dollar Merrill Private Banking Team Joins HighTower
The $1 billion Merrill Lynch private banking team joined Chicago-based RIA HighTower’s New York office on Friday.
RIA HighTower Expands National Footprint With Offices in Baltimore and Los Angeles
HighTower continues its quest to gain a nationwide profile with the addition of two new offices, says Mike Papedis, executive vice president of business development.
The Mixed State of the Advisor Market
Recent snapshots of the advisory industry’s mergers and acquisition activity, along with new data on the growth and decline in advisory channels, show that as wirehouse advisors are slowly shrinking, the business model of choice has become being dually registered advisors.
HighTower Adds New Advisor Team
Chicago-based HighTower announced Tuesday that Blanke Schein Group joined the firm. Blanke Schein, based in Palm Desert, Calif., is the second financial advisor team from the area in the past month to join forces with HighTower, which serves high-net-worth and institutional clients.
HighTower Expands With Another Merrill Lynch Advisory Team
HighTower announced Monday that it had recruited another advisor team from Merrill Lynch.
Every so often the trade publications feature a rash of articles about the success of roll-up firms focused on consolidating financial advisory practices.