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Distance from the crisis and improved asset flows gave a little kick to advisor satisfaction this year, according to Registered Rep's Broker Report Card. But the ratings are mixed....More

Wells Fargo’s wealth brokerage and retirement businesses reported third quarter income of $291 million, up 14 percent versus the year ago quarter, while revenue for the division was down 1 percent from the year ago quarter. Revenues declined on losses in the division’s deferred compensation plan investments as well as lower ARS recoveries and transaction revenues....More

New research from Aite Group shows that the online brokerages continue to take market share of wealth management assets from the wirehouse firms—something that surprised Aite Group analysts....More

Wells Fargo Advisors’ is looking for recruits in out of the way places. In April, Kent Christian, president of Wells Fargo Advisors’ financial services group, told a Securities Industry and Financial Markets Association conference that the aging FA population is creating a shortage that will seriously impact the industry and investors, and which he believes “cannot” be solved by recruiting from rival firms...More

The Investment Management Consultants Association announced Wednesday that its popular CIMA certification is now accredited by the American National Standards Institute (ANSI), making it the first of the major wealth management designations to meet international ISO standards. The group has been working towards getting the accreditation for four years. IMCA expects that the CIMA certification will become the industry standard for all those who call themselves investment managers when all of the regulatory reforms now in the works fall into place....More

Wells Fargo’s wealth management division reported stronger earnings, revenues and FA headcount in the first quarter, while cross-selling hit a record and client asset inflows were at their highest since Wells acquired Wachovia in late 2008...More

Wells Fargo’s Wealth, Brokerage and Retirement business reported growth in assets, revenue and profits in the fourth quarter. Meanwhile, on a conference call with analysts, Chairman and Chief Executive John Stumpf voiced guarded interest in possible acquisitions in the unit....More

Initial signs suggest few changes to broker pay in 2011, but that could all change on Jan. 21....More

Advisor satisfaction at Wells Fargo Advisors hasn't changed much from last year, and that's not good. Last year, advisors gave it a 5.5 rating out of 10, and this year they gave it a 5.7, putting it in second to last place among the six brokerages in ......More

The major full-service brokerage houses are in various stages of recovery, whether from the financial crisis or merger integration. How are they doing? Check out our 20th Annual Broker Report Cards....More

UBS hired three financial advisors with $2.1 billion in client assets away from Morgan Stanley Smith Barney. They will work out of UBS' Los Angeles office....More