More proof of the breakaway broker phenomenon, albeit anecdotal? Moneta Group has hired two veterans legacy A.G. Edwards advisors, the company said today, amid a nascent national trend of advisors leaving wirehouses for smaller independents.
The number of wirehouse advisors switching broker/dealers has been in steep decline since June.
With recruiting bonuses spiraling higher, and the advisor force aging, broker/dealers are finding that training programs make economic sense again.
Fidelity Investments made its internet policy loud and clear when it fired four employees in October for playing Fantasy Football at the office.
Most financial advisors don't see online brokerages as true rivals.
Lazard appointed Kenneth Jacobs as chairman of the board of directors and CEO to succeed Bruce Wasserstein who passed away in October. Jacobs was formerly CEO of Lazard North America...
Now that the crisis has passed, you need to get proactive.
