Raymond James Loses a $200M Rep, but Keeps 90% of MK Advisors
One recruiter says he is quite "surprised" at the retention level given the competitive compensation environment. Private Client Group President Tash Elwyn was upbeat about the firm's retention efforts.
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.
Morgan Keegan Court Victory May Actually Be ‘Enormous Defeat,’ Recruiter Says
A recent ruling by a judge overturning a $9.2 million award in Morgan Keegan’s favor isn’t likely to give parent company Regions Financial much upside as it looks to sell the brokerage firm, experts say.
UBS Taps Top FAs in Texas, Shores Up U.S. Wealth Management
While fierce speculation continues about the future of UBS' U.S. wealth-management operations, the Swiss-based firm added 274 advisors in the fourth quarter of 2008 and...