How the Wirehouses Embraced ETFs
Wirehouses and other large broker-dealers have emerged as key players in ETF distribution; big data and smart beta will drive the trend further.
Going Independent: Several Choices, Several Solutions
Here's how to navigate the numerous options available for a dramatic career shift.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
Marcato Capital Takes 6.3% Stake in LPL
The hedge fund, known for its activist approach, thinks LPL's shares are undervalued.
LPL Taps Ex-FINRA Regulator for Deputy Counsel Post
The independent broker-dealer also says it has set up a Regulatory Counseling group firmwide.
Advisors Downplay Fed’s Interest Rate Decision
“Too much emphasis is being placed on the significance of this event,” one advisor said as the FOMC announced it was keeping rates unchanged.
Recruiting Roundup: Raymond James Nabs $550M Team From UBS
Meanwhile, U.S. Trust adds four advisors, and Cetera picks up Gough Financial as part of an OSJ.
Investors Seeking Loans Before Interest Rates Go Up: Wells Fargo
Nearly half of investors say they would make major adjustments to their investment strategy if interest rates rise, according to a Wells Fargo survey.
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From Merrill
Meanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
Recruiting Roundup: Morgan Stanley Grabs $1B Pair From Citi
The team comes on board in New York, while a Barclays rep joins the wirehouse in Boca Raton.