Turnkey Asset Management
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HighTower Adds Ex-UBS Team; Baird Grabs Merrill, Morgan FAs
By Janet LevauxThe former UBS team should go independent with about $330 million in assets, while the advisors joining Baird could bring about $460 million in AUM and $3.2 million in yearly fees and commissions.
June 20, 2012
Merrill Loses Four Advisors to Wells FargoThe departures come on the heels of news that BofA is selling some operations to Julius Baer and firing some U.S. Trust managers.
June 07, 2012
5 Misconceptions About Consumers and IRA RolloversThe IRA rollover market creates a massive opportunity for advisors, according to recent research from McKinsey & Co.
May 29, 2012
UK’s Prudential Names Manduca as New ChairmanPaul Manduca succeeds Harvey McGrath and will assume his new role on July 2.
May 24, 2012
LPL Financial Boosts FAs, SalesLPL Financial said its first-quarter net income was $41.2 million, or $0.37 per share, down $7.8 million compared with net income of $49.0 million, or $0.43 per share, from a year earlier.
May 24, 2012
Major Firms See Assets, Fees Rise in Q1 ‘12 But Post Mixed Results for FA HeadcountsFor the first quarter, Bank of America said the total number of financial advisors rose to 17,512 from 17,308 in the prior quarter and 15,797 in the year-ago…
May 23, 2012
Morgan Stanley Adds Reps From UBS, Credit SuisseA UBS team joins with about $1.3 million in production; an ex-Credit Suisse advisor comes on board with roughly $1.6 million of trailing 12.
May 17, 2012
3 Steps for Adequately Insuring HNW Clients’ Art CollectionsDont scream if your high-net-worth clients' fine art collections are underinsured; manage and maintain coverage by following these steps.