Mergers can be difficult. So it's no surprise that our annual broker report card shows that some financial advisors are less than thrilled with the state of affairs at MSSB — especially veteran Smith Barney folks...
Well, this is a first. Edward Jones, which has ranked in at number one for 17 consecutive years in the popularity contest that is Registered Rep.'s annual broker report card, actually saw its rating drop by nearly a...
Despite rampant speculation to the contrary, the SEC is not planning to write any new rules on broker recruiting bonuses, SEC spokesman John Nester told Registered Rep. magazine on Friday. At least one firm was...
Merrill Lynch released a new broker recruiting deal last month with two major changes. First, Merrill made it much harder for recruits to leave the firm: to receive all of their recruiting bonus money, new hires must...
Attorneys, compensation experts and recruiters said broker recruiting bonuses would be difficult to regulate, and that if anything, the SEC would most likely require greater disclosure of the practice to clients.
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.
Merrill Lynch released a new broker recruiting deal a few weeks ago—with two major changes. First, a new hire must now stick around for 14 years instead of nine to get his entire recruiting bonus, and all of the...
Like many large Wall Street broker/dealers before it, RBC is sending a message to advisors who are generating below average revenue: Get your numbers up or take a walk.
Last year was a record recruiting year for some independent broker/dealer firms, as big name financial services firms shed hordes of financial advisors. But that exodus is over, and this year, recruiting is way down...
