Merrill Lynch is a shell of its former self. Very few in the industry believe otherwise. As a division of Bank of America (a smaller profit center division at that)…
Morgan Stanley recruiting is on a serious roll right now. And they just might have Ben Firestein to thank. Ever since Mr. Firestein took over as the National Recruiting Director…
Merrill Lynch has clearly pivoted from even giving reasonable lip service to recruiting tenured advisors at rival firms like Morgan Stanley and UBS and recent hires have made that clear.…
NO MORE FAVORS: Big, Tenured Advisor Benefits Evaporate, Often Targeted By Compliance And Management
Over the past few years the stories of Barron’s Top 100 advisors being fired has grown in a way that begs all manner of questions. Questions every bigger producer should…
Rockefeller has quickly become a preferred destination for wirehouse teams seeking comfort in both name and location when it comes to servicing clients and hitting the recruiting bid. Whether it…
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…