Advisor satisfaction at Wells Fargo Advisors hasn't changed much from last year, and that's not good. Last year, advisors gave it a 5.5 rating out of 10, and this year they gave it a 5.7, putting it in second to last place among the six brokerages...
Just over 12 months ago, financial advisors at UBS were desperately searching for direction and leadership. Today, many UBS advisors seemed to have found that missing direction under CEO Bob McCann, the ex-Merrill brokerage chief. One UBS advisor...
Merrill Lynch rivals, particularly independent firms, still take swipes at the Thundering Herd's well-publicized difficulties of two years ago, but the fact is that the Bank of America unit is doing just fine these days, thank you very much...
Raymond James & Associates pulled off the upset of the year, beating Edward Jones for the top slot in employee satisfaction. RJ&A answered the question, “How would you rate your overall experience at the firm?”with, on average a nine out...
Well, this is a first. Edward Jones, which has ranked in at number one for 17 consecutive years in the popularity contest that is Registered Rep.'s annual broker report card, actually saw its rating drop by nearly a full point in 2010, to 8.5 out...
Despite rampant speculation to the contrary, the SEC is not planning to write any new rules on broker recruiting bonuses, SEC spokesman John Nester told Registered Rep. magazine on Friday. At least one firm was already using the threat that...
Late this afternoon, two advisors from UBS’ downtown Houston branch, David Harris and Ann Deaton—principals of Harris Financial Group—resigned from the firm to join their former UBS branch office manager, Patrick Mendenhall, at...
In the aftermath of the financial crisis, asset managers have been busy rolling out new alternative products specifically designed for non-accredited investors. According to Morningstar data, there were 29 distinct alternative strategy mutual...
Wealth management firms can expect more competition from First Republic Bank following its imminent initial public offering. The firm, known primarily for its high-end lending business, plans to expand its wealth management division, it said in...
Merrill Lynch released a new broker recruiting deal last month with two major changes. First, Merrill made it much harder for recruits to leave the firm: to receive all of their recruiting bonus money, new hires must now stick around for 14 years...
