Wealth Management industry news covering the financial markets, trends and wealth professionals.
Stay up to date with Wealth Management news and trends through our free Morning Memo e-newsletter. Join today.
Merrill Lynch and Smith Barney—both set to close their respective acquisitions of Advest and Legg Mason on Dec. 1—continue to see the booty they bought walk out the door. The purchases would have added hundreds of regional brokers to...
Location City: Boston Area Location State: MA Base Salary: $65,000 - $75,000 DOE Bonus & Incentives: Annual discretionary bonus. Position Responsibilities: The Trust Client Services Administrator at this law firm is comparable to a Trust Officer...
Location City: Ft. Myers, Naples Location State: FL Base Salary: 60000-90000 Bonus & Incentives: 25% Position Responsibilities: As a Private banker you will be responsible for loan development with high net worth clientele. Education and...
Location City: Los Angeles, Century City Location State: CA Base Salary: 110-140K + 15-25% Bonus Position Responsibilities: Successful candidate will manage full-service banking relationships with high net worth customers and oversee a portfolio...
Smith Barney plans to trim payouts for lower-end brokers next year, in an effort to counter rising costs and cull underperformers from its ranks. The new pay scale was announced to brokers internally in October and will take effect in January.
Location City: San Francisco Location State: CA Base Salary: Highly competitive Position Responsibilities: Major Investment Firm seek individuals to serve as Brokers catering to High Net Worth individuals. Focus will be on capturing Wealth of the...
Location State: OH Base Salary: 75,000 -90,000 Bonus & Incentives: 20-30% Position Responsibilities: Leading National Bank has a need for a seasoned Personal Trust Relationship Manager in one of their Ohio metro markets. Individual would step in...
Location City: Columbus Location State: GA Base Salary: Up to $85K Base + Sales Incentive Position Responsibilities: Major Southeastern Bank seeks individual to serve as Personal Trust Relationship Manager. Will be responsible for a number of...
Charles Schwab’s brokerage unit has been slapped with a $1 million fine for failing to protect customer assets from a check-kiting scam engineered by its affiliated—but independent—registered investment advisors.
With only two weeks left before Merrill Lynch closes its deal to buy Advest Group—the deal is scheduled to close on Dec. 1—top reps at the Hartford, Conn.-based firm continue to run for the exits. This past weekend another $8 million...
