Raymond James Retires Morgan Keegan Brand, as Tech Transition Ends
Raymond James said Tuesday it had wrapped up the conversion of Morgan Keegan operations and clients into Raymond James’ technology systems.
New Hire Roundup: Gail Cohen to Chair New York Bankers Association
This week in new hires, Porter Schutt and Bill Dugdale joined Brown Advisory, and Brian Major went to AlixPartners.
Top 10 Wealth Management Trends for 2013
Every year brings its own challenges, but 2013 is likely to be an exceptionally dynamic year for wealth managers, the Aite Group predicts.
Wirehouses Roll Out ’13 Comp Plans
After getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.
A lot of broker-dealers have invested in the retirement income space.
Joint Venture Drops Smith Barney
Morgan Stanley says that its U.S. wealth management business is now branded Morgan Stanley Wealth Management (MSWM).
What’s Driving Industry Shifts?
The number of wirehouse advisors and their asset base continues to drop, says a report released by Cerulli Associates on Monday.
Mergers: A Tech Nightmare for Advisors
No one presumes that technology integration between big financial services firms will be headache-free, but such unions can unleash tech fiascoes. At stake: advisor productivity and morale.
Morgan Stanley Drops Smith Barney From Name
“The name change was not unexpected,” said a recruiter. “Finally, we have the culmination of what was not a joint venture, but a takeover.”
Merrill Lures Two Reps From Morgan Stanley, One From Wells Fargo
The three advisors have about $330 million in client assets and more than $1.5 million in yearly production.