Morgan Stanley, Raymond James Recruit Big Teams From Rivals
In addition, Cetera Advisors says it is now providing services to a large group that advises pro athletes.
Wirehouse Teams Move to HighTower, Raymond James
Meanwhile, Advisor Center helps seven advisors transition to IBDs in its network with about $520 million in assets.
BofA Posts Big Jump in Profits; Piper Jaffray Results Weaken
Advisor productivity hits $1.3 million for veteran reps at Merrill Lynch.
Baird, Morgan Stanley, UBS Lure Advisors From Rivals
Baird picks up wirehouse reps with $2.3 million in production, UBS recruits a $1.1 million ex-Morgan Stanley producer, and Morgan Stanley grabs a $2 million rep.
New Hire Roundup: Goldman, Nelson Move Up at NFP; New Vice Chair at FASB
This week in new hires, Michael Goldman became COO and Carl Nelson head of mergers and acquisitions at NFP; John Taft of RBC Wealth Management became a LinkedIn Influencer; more
Tip of the Iceberg: Email Problem Is Bigger Than LPL
FINRA should lighten up on the accusations and fines, and work with firms to find better solutions to what seems to be a huge—and snowballing—problem.
Baird Nabs Morgan Stanley, UBS Advisors; Securities America Expands Recruiting Group
The new Baird teams come on board with some $800 million in client assets under management in Minnesota and Tennessee.
New Hire Roundup: LPL Financial Welcomes Lochan
This week in new hires, Brendt Stallings and Husam Nazer joined DoubleLine, the MSRB board announced that it is looking for a few good applicants, and Citi named two new co-presidents.
Top Portfolio Products: Putnam Rolls Out DC Website
Underwriters exercise option in WisdomTree secondary offering.
Top Portfolio Products: Schwab, Piper Jaffray to Boost Muni Bond Access
New products introduced over the last week include an arrangement between Schwab and Piper Jaffray to provide investors greater access to the latter’s new muni bonds; more.