In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
The stock market is now in a “historical sweet spot” following the mid-term elections, Charles Schwab’s chief investment strategist told financial advisors at the IMCA Advanced Wealth Management Conference in San Francisco...
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.
Financial advisors should prepare for both an improved economy and higher taxes, according to the keynote speakers at the IMCA (Investment Management Consultants Association) Advanced Wealth Management Conference in San Francisco this morning.
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 back-end money is now...
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 the music stops. What many non...
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.
M&T Bank Corp. emerged as a major player in the wealth management business this week following the Buffalo-based bank’s agreement to buy Wilmington Trust Corporation for $351 million in stock.
Prudential said it named Jackson National Life Insurance Vice Chairman and COO Mike Wells as Jackson's president and CEO. He succeeds Clark Manning, who steps down in December. Manning will chair Prudential's U.S. operations until April 30, 2011...
