Morgan Stanley to Award More Bonuses Up Front
Morgan’s compensation committee agreed to defer future bonus pools at an average rate of 50% instead of 80%.
BDs’ Comments Lead FINRA to Update Communication, Gift Rules
BDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
Advisors Break Out Champagne, Are Bullish on 2015
Clients aren't so optimistic, however. SEI Advisor Network says now is the time to discuss contingency plans with them.
Washington Wealth Adds $180M Reps
The independent hybrid RIA says it has added 12 advisors in about nine months.
Schorsch Firms Settle Differences on Scuttled Cole Deal
RCS Capital settled with ARCP in a deal worth $60 million after backing out of a $700 million deal in October, the firms said.
HighTower Gives Advisors Envestnet Retirement Tool
The partnership aims to boost the retirement plan business of its independent advisors.
FINRA Responds to SIFMA's Latest Critiques of Proposed Data System
Industry trade groups raise fresh concerns with latest plan to collect broker-dealer account data through Comprehensive Automated Risk Data System.
Raymond James Adds Ex-LPL Group in N.J.
Boutique wealth groups add teams in Arizona and Iowa.
No Talk of Cetera Spinoff, CEO Roth Says
As Cetera names winners of its Business Plan Challenge, CEO Larry Roth says "there's been no conversation around selling" the BD group.
RCAP Says Some Selling Deals Have Resumed as Execs Buy Company Stock
The nontraded REIT distributor stays mum on which broker-dealers have changed their sales policies on ARCP products.