Rebecca Rothstein, legacy Smith Barney adviser, jumps ship; No.2 on Barron's list
Another high-profile defection from MSSB as a $600M team jumps to HighTower
Finra eyes requiring the disclosure of recruiting incentives to clients | <b>Sarch:</b> <a href=http://www.investmentnews.com/article/20121129/BLOG01/121129937>Transparency for bonuses? Bring it on! &raquo;</a>
Revamped structure already seen paying off; 'core to our strategy'
Headhunters say Wells Fargo is cutting its payout to recruiters. Andrew Osterland looks at what this rejiggering may mean for wirehouse reps.
Surprise departure of Citigroup boss leaves Richard Bové flummoxed
Says newfound focus on wealthier clients alienating reps; breakaways on the rise
Morgan Stanley plans to purchase another 14% stake in Morgan Stanley Smith Barney LLC — the brokerage joint venture the firm formed with Citigroup in 2009.
Bank of America Merrill Lynch has named a new head of its Alternative Investments Group, as demand from its advisers for alternatives is expected to double assets over the next three to five years. Keith Glenfield, former chief operating officer of Global Wealth & Retirement Solutions, started in the new role this week.
A source claims Vikram Pandit was ousted as Citigroup CEO due to a series of missteps, not one incident. The last straw? The sizeable accounting hit the bank took from the plummeting valuation of Smith Barney.
Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?
Bank of America on Friday agreed to a $2.43B shareholder settlement over the acquisition of Merrill Lynch. It's unclear if this bodes well for ex-reps who are suing the brokerage for deferred comp.
Gain from sale included in non-GAAP numbers in 2009 -- but hit from recent write-down wasn't
An arbitrator this week said Morgan Stanley's brokerage unit is only worth $13.5 billion, not $22 billion. So how is that a victory for Morgan Stanley?
Morgan Stanley's Hatch says only about 10% of advisers currently have sufficient expertise in stock selection
Independent B-D LPL Financial LLC and regional brokerage Raymond James Financial Inc. top the list of most-desired destinations for potential breakaway advisers.
The need - and the case - for developing and introducing new talent into the financial advice business has been well-documented: The total number of practicing FAs has been steadily decreasing for years, at a time when more individual investors are in need of advice. Practicing FAs, of course, are also getting older each year, creating a greater need for internal successors in many cases.
