Many ask why big firms and RIAs are getting more aggressive in recruiting and the deals they offer. It is a simple supply and demand question – there aren’t enough…
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…
There’s been so much movement of advisors lately trying to find the best cultural fit for themselves and their clients. We’ve spoken at length about FRB advisors on the move,…
First Republic advisors have been baffled for an entire month, held in the dark since JPMorgan Chase acquired the firm. Advisors were told very little about the new platform, what…
In recent times, advisors at various large firms have been grappling with a significant rise in surveillance and compliance measures. These measures encompass the monitoring of every action taken by…
Numerous times in the past, banks such as Credit Suisse, Barclay’s, Deutsche Bank, Bear Stearns, Lehman Brothers, and now First Republic, have gotten themselves in trouble leaving advisor’s practices in…
On March 31, First Republic Bank announced that an acquisition is unlikely and that the firm will continue with restructuring and shoring up the bank. Most advisors are praying someone…
Silicon Valley Bank Advisors Assess Their Options
With three banks collapsing in a short period of time, maybe Silicon Valley Bank (SVB) advisors can find comfort in numbers – they aren’t…
Recent shockwaves through the banking sector have had many advisors and clients on edge for obvious reasons. For First Republic advisors, the $30 billion dollar injection of capital from peers…
Shares of First Republic have plummeted 81% this year.
First Republic Bank staved off a potential collapse after a group of bigger financial firms agreed to park a combined $30 billion…