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…
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,…
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…