Just in the last week, Morgan Stanley Smith Barney made an attempt to use the legal system as a bludgeon against a team departing to HighTower while Goldman Sachs did the same with a team departing to Credit Suisse (note to some cynical readers: Sarch has no stake in either transaction, though clea
Learn more about reprints and licensing for this article.
For wealth managers and advisers, recruiting is a contact sport. But 'contact' is now a four-letter word
Firms pay retiring brokers for their clients' assets, but clients often take their business elsewhere.
Some define it as starting their own firm, while others insist it means having full control over investment products and client relationships
Firms like Schwab are raking in assets at a much faster clip than the big brokerages.
As big brokerages lose their competitive edge, regionals are offering a home to advisers who want to stay in the employee channel.
