This is not the Wells most advisors might quickly write off. Damaged severely by the 2008 scandal and subsequently losing almost 4,000 advisors, the firm has taken well over a…
Ameriprise Financial has lost another major advisory group, as Apex Private Wealth Advisors, managing $650 million in client assets, has made the move to LPL Financial. This exit adds to the growing…
All over the country Wells Fargo continues to aggressively recruit talented advisors at Ameriprise. According to advisors who have transitioned recently to Wells, they have a robust and very competitive…
J.P. Morgan Advisors made a significant move by attracting a high-profile wealth management team from Merrill Lynch in Los Angeles. Led by Eric A. Gray and Lance M. Polverini, the…
Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami, CFP®, CFA®, recently launched MG Partners Private Wealth, an independent practice affiliated with LPL Financial’s supported independence model, LPL Strategic Wealth Services.…
Firms have been encouraging advisors to team for many years now, touting benefits such as advisor collaboration, ensemble pricing, and shared support. However, like a marriage, over time advisors can…
This detailed case study explores the significant challenges and risks inherent in the business models of First Republic Bank (NYSE: FRC) and Citizens Financial Group (NYSE: CFG). We delve into…
A steady stream of seasoned advisors, once stalwarts of Merrill Lynch, now charting new waters, driven by a hunger for independence and a thirst for client-centric innovation. Bank of America’s…
Financial advisors work hard to earn the trust of their clients, and as Haig Ariyan formerly of Raymond James, now of ARAX states “advisors own the client relationships, not the…
Leadership is a constant test, and when Eric Schimpf and Lindsay Hans stepped into the shoes of Merrill Lynch's top brass as co-presidents of the wealth management division, many of…