An Ohio based financial advisor is asking Smith Barney to forget about that loan he owes them which stems from a sign-on bonus. In fact, he alleges, the original contract he signed with his old firm is unenforceable...
The independent channel says it’s seeing more interest from bigger, better quality advisors than ever before. But independent reps still generate far less revenue than advisors at Wall Street firms.
The recruiting frenzy among regional firms for breakaway wirehouse brokers is still going strong. Robert W. Baird, Commonwealth Financial and RBC Wealth Management announced recruiting coups.
With the past year’s decline in the markets, assets are shrinking in the wealth management business. But some quarters of the industry are feeling it more than others—namely the wirehouses—says a new...
June was a busy month for financial advisors on the move. The number of advisors switching firms jumped 45 percent in June versus May, according to Discovery Database. Last month, 2,183 advisors changed b/ds compared...
