Wealth Management industry news covering the financial markets, trends and wealth professionals.
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RR Online synopsis of industry-related Web sites Web sites of interest to brokers, including regulatory organizations, broker/adviser groups, industry trade groups and industry organizations. There are also direct links to firms' press releases...
Mirroring an industry wide trend, UBS PaineWebber is encouraging its brokerage force to go fee-based by increasing the payout on fee-based business by an average of two to four percent net, according to brokers from the firm. At the same time, UBS...
UBS PaineWebber brokers are "outraged" over a new policy that states they will be charged $12 for every stock and option ticket order they write beginning Dec. 1, rrmag.com has learned. "It's a terrible policy," says a UBS PaineWebber West Coast...
A.G. Edwards A (Hiring/recruiting) “Consistently at a reasonable rate, so it’s not too many coming at one time.” (Benefits) “If I had to break it down, I’d give the 401ks a 10 and health coverage a seven.”...
A (Hiring/recruiting) “We’re very discerning. We get good people and put them through a number of steps before putting them into production.” (Payout) “They use payout to steer you in certain directions. They use slightly...
A.G. Edwards A (Hiring/recruiting) “Consistently at a reasonable rate, so it’s not too many coming at one time.” (Benefits) “If I had to break it down, I’d give the 401ks a 10 and health coverage a seven.”...
A (Sales Assistants) “Both quality and quantity are lacking at this firm. Training: They don’t offer enough for the sales support people or the brokers. Focus: They are making the transition to a fee based business, growing assets...
A (Technology) “Lagging behind other firms on the street.” B (Hiring/recruiting) “We’re in a hiring freeze right now so nothing’s happening in that area.” (Account statements) “There’s so much...
