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...
You’re not likely to find many branch managers like Jim Pekelder these days. He’s a complex director for Wells Fargo Advisors in Omaha, overseeing 31 reps in his own branch, and another 30 spread among a half-dozen...
How much more change can we expect to see in the structure of the wirehouse branch management system—and in manager compensation? It wasn’t so long ago that wirehouse branches were managed by individual branch office...
Last month, both UBS Wealth Management and Morgan Stanley Smith Barney unveiled changes in their compensation structures that have branch managers at both firms—many of whom are already disenchanted with the mounting...
Last Thursday, Morgan Stanley announced that employees on the banking and brokerage sides of the firm who get a substantial bonus—everyone from bankers to traders to branch office managers—will now be...
As retail brokerage firms continue to make acquisitions and consolidate offices in 2011, still more branch managers may find themselves getting pink slipped, experts say. But other shifts in the wealth management...
Mass industry consolidation has left a large number of wirehouse BOMs without a seat in an ongoing game of musical chairs. But as the independent broker/dealer (IBD) and RIA channels grow, they are creating a viable...
Late this afternoon, two advisors from UBS’ downtown Houston branch, David Harris and Ann Deaton—principals of Harris Financial Group—resigned from the firm to join their former UBS branch office...
It's tough being a non-producing branch manager. As we've written in the past, complexing and branch-consolidation have created a game of musical chairs and, very often, branch managers are left without a chair when...
