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.
What does it take to lead a high performing team? Are you seeing the kind of ROI from your next gen advisors that you need to? Do you know what you need to do to ramp up next gen performance quickly and efficiently? There are ways to support the efforts of your next gen team to be more productive in less time, but you have to know the secrets to leading a high performance team....More
With the Fed poised to hike rates for the first time since 2006, many investors are concerned about the risks to their bond holdings. But rising rates also have positive aspects for some investors....More
These articles from the Investments & Wealth Monitor focus on the challenges of longevity and how families can prepare, maximizing wealth over increasing life expectancies with social security, and long-term care and asset protection....More
Small-cap growth stocks have turned in strong performances year to date, but various macroeconomic events and cross currents exist in today's market environment. Learn what's behind the gains and where the opportunities for small-cap stocks can be found going forward....More