For decades, wirehouse recruiting packages have steadily pushed higher, with firms largely moving in lockstep. What’s changed isn’t the direction—it’s the speed. The market has accelerated at a pace we…
Valuations are continually surging in a bull market for financial advisors. Wealth management is one of the few industries that can boast recurring revenue, loyal clients, high margins, and a…
In conversations with several sources ‘in the know,’ we’ve learned that Merrill Lynch is asking very select, large ‘elder’ producers to sign what sound, look, and smell like retention bonuses…
In a serious legal claim that raised eyebrows everywhere, a long-tenured UBS advisor has accused the firm of skimming commission-based fees from retirement accounts that he manages. In fact, he…