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.
More brokers picking stocks for clients -- but are they up to speed?
The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.
Both presidential candidates are getting serious bucks from political action committees. Barack Obama's top donors? Universities. Mitt Romney's? Wall Street banks.
New research shows that more wirehouse reps are looking to leave home. What's more, half are considering exiting the channel entirely. | <a href=http://www.investmentnews.com/gallery/20121005/FREE/100509999/PH>The B-Ds that rate highest with potential breakaways</a> &raquo;
Aggregator announces two new services that provide more autonomy to indie wannabes; 'brilliant move'
Here's a pretty startling statistic: New data shows that advisers who work in teams make 32% more money than those who fly solo. Indeed, the average team member pulls down nearly $300,000 a year.
It's official — management at Morgan Stanley has eighty-sixed the 'Smith Barney' name, rebranding the iconic brokerage as Morgan Stanley Wealth Management. What would John Houseman think?
Merrill Lynch's proposed settlement with ex-brokers was aimed at limiting litigation. But some lawyers say it may trigger more lawsuits. Here's why.
Agreement will set the floor for future monetary claims; lowball figure would trigger new suits, lawyers say
Banks are hurriedly bracing for widespread demonstrations, disruptions and disturbances on May 1, as the Occupy Wall Street movement kicks off a new season of rabble-rousing. Says one security expert: It's like elks versus wolves.
Affiliation will aid hybrid firm's projected expansion to $3B in assets by end of 2013
Brokers and other observers say a culture clash and cost cutting have left legacy Smith Barney reps feeling demoralized and could cause more of the firm's brokers to leave.
SEC boss says work continues on proposal; 'I've kept the issue alive and moving forward'
Set up the company's first Las Vegas office; two other teams exit the herd as well
