Advisors, Start Preparing Now for the Post-Boomer World
After years of baby boomer-this and baby boomer-that, urgent attention is now being directed at next-generation wealth accumulators—and how best to serve their needs.
Top Posts at Broker-Dealers See Big Changes
LPL, Morgan Stanley and Raymond James all announced big moves recently.
LPL Branding Plan: A Work in Progress
The independent broker-dealer ends its CNBC campaign this week and refuses to elaborate on future plans.
LPL’s Latest Shot in Tech ‘Arms Race’: Naming Ex-IT Exec to Board
Several experts are wowed by former Xerox CEO Anne Mulcahy’s new role at LPL.
As LPL’s Dwyer Steps Down, Moore Steps In
After 20 years, the executive leaves the IBD’s sales efforts in the hands of the Advisor & Institution Solutions president.
Joint Venture Drops Smith Barney
Morgan Stanley says that its U.S. wealth management business is now branded Morgan Stanley Wealth Management (MSWM).
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.”
Morgan Stanley, Citi Strike Deal on MSSB
Morgan Stanley and Citigroup have agreed on the valuation to be used in pricing Morgan Stanley’s purchase of the remaining stake in the Morgan Stanley Smith Barney joint venture: $13.5 billion for the full business, which includes close to 17,000 advisors.
Merrill Overcharged Clients $32M in Fees, FINRA Says
The overcharges in fees affected 95,000 accounts over an eight-year period, making it a significant supervisory issue, experts say.
New Hire Roundup: Morningstar Adds to Fund Research Team
This week in new hires, Morningstar announced six appointments for its fund analyst research team; James Machuga joined Merk Investments; and Philipp Hildebrand was named vice chairman at BlackRock.