Culture can be a topic that is both hard to define and easily recognizable at the same time. When advisors at each of the wirehouse organizations are asked in surveys about their respective “cultures” – they are either all in or hedging their bets.
None of Wells Fargo, UBS, Merrill Lynch or Morgan Stanley exist in a vacuum, and they certainly compete with more than just one another, yet they principally compare themselves with one another—as does the media.
While Merrill Lynch and parent company Bank of America still have issues that need to be addressed, there are some key segments where they are not only getting it right but are downright leading in their category.
As the industry so boldly moves away from the 1999 way of thinking, here's a look at the different way that you can choose, as an advisor, to leverage your brand and either actively or passively reach out to clients and prospects.
What is Wells Fargo attempting to be in the context of wealth management? A bank brokerage? An independent shop? A full service platform? An aggregate of a few different regionals over the past decade? You could make the case that they are all of these, but what now? What’s next?
There has been a significant amount of conversation over the past few months concerning the troubling demographics within the wealth management industry. Specifically, the fact that the industry is old, white and male
Columnist Andrew Parish detects an alarming amount of noise coming from the Bank of America/Merrill Lynch camp. The noise, he says, has begun to play a tune that sounds a bit like the cultural drift is taking its toll throughout both the advisor and management ranks.
Is JP Morgan the sleeping giant of wealth management in the U.S.? Fully digesting the Bear Sterns acquisition, JP Morgan Securities has come of age as a HNW and UHNW organization, argues columnist Andrew Parish.
When it comes to switching firms, advisors must plan their transition carefully. It requires thoughtful planning, a desire to run and grow your business, and unwavering dedication to do what is right for your clients....More
Research shows that while the average age of financial advisors has gone up, the percentage of advisors that don't have a succession plan in place has gone up as well. Why don't more advisors have a plan, and how can the industry better prepare for the future.
The U.S. corporate high yield market has grown from $250 billion to a $2.4 trillion industry. High yield has proven to be a solid asset class for investors, over time producing comparable returns to the S&P 500 with approximately half the volatility....More
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More