Stifel CEO, Ron Kruszewski, is a traveling man. Finding himself in Israel talking about partnerships in ‘early funding’ startups he commented on the strength of Stifel’s wealth management brand and…
UBS is bracing for significant advisor losses throughout 2020. At least they better be. The aggressive comp grid changes provided the perfect cover for advisors and teams on the edge…
During and shortly after the financial crisis recruiting deals skyrocketed to all-time highs No longer were practice acquisitions being had in the 200’s, rather the best teams were cashing in…
MASSIVE MOVE: $14M UBS Team In NYC Bolts; Paul Vigue, Renato Reali And William Platt Exit Stage Left
UBS just lost a massive team out of its New York City flagship office at 1251 Avenue of the Americas. Paul Vigue, Renato Reali, and William Platt have taken their…
The layers of wirehouse (and regional) management continue to shrink. Across the wealth management industry the least popular and least secure job in the business is regional and branch management.
The…
Merrill Lynch just rolled out a new 'comp plan' for retiring advisors who want to be compensated for handing their books off to younger advisors. The changes to the plan…
Paul Feinstein, one of First Republic’s ‘star’ hires nearly three years ago has taken a tumble. Having been fired from the firm he joined with great fanfare (the firing was…
The march away from Bank of America Merrill Lynch continues unabated. Large teams seem to be the greater portion of transitions walking away from what used to be the ‘thundering…
When Credit Suisse shuttered it’s US wealth management operations in 2015 they effectively forced hundreds of into ‘termination’ status. Attempting to paper over that truth with an agreement with Wells…
All over the country cell phones were hot, managers were sweating it out, and transition teams were working overtime. As expected, the long weekend produced all manner of headlines across…