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.
Every so often, about once every three months or so, David Hansen makes a trip usually early in the morning to Costco. He fills one of those industrial shopping cart dollies with granola bars and juice boxes about 25 cases of each
Advisors were on the move in March. The number of reps switching broker/dealers during the month was up 34 percent versus the number who switched in February.
Morgan Stanley reported a net loss of $177 million in its first quarter earnings, released today. But unlike many of its peers, the firm didn’t appear to use any accounting tricks to massage the numbers.
Citigroup surprised Wall Street with its first profit in more than a year when it announced first quarter earnings Friday, but the quarterly report also contained some bad news. Among other things, the firm’s global wealth management...
According to a source familiar with the details, the 8,700 jobs UBS plans to cut by the end of 2010—for forecasted cost savings of roughly $3.5 billion—will include 2,000 in the Wealth Management division, many of them financial advisors.
Just over six months after he was named the new leader of Citi Global Wealth Management, Michael Corbat is bouncing to another post. Today, the firm named Corbat CEO of Citi Holdings.
AIG announced its plan to sell its independent broker/dealers back around October 2008. Six months later, nothing has changed—except that reps we spoke to are even more frustrated. Some say they are ready to bolt...
