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The move brings the 28-year industry veteran from a firm where independent planners make up less than 5% of the advisory headcount to one where they are the majority.
February 12 -
Industry headhunters look for a revival of Merrill's recruiting efforts to stem the slow bleed of talent to industry rivals.
February 5 -
Jim Esposito was critical of the firm's eventually abandoned push into retail banking.
January 29 -
The shuffling comes halfway through the longtime CEO's five-year retention package.
January 25 -
Recruiters say the moves show how wirehouses will continue to fight an uphill battle as they struggle to keep experienced teams from moving on in the coming year.
January 23 -
Greg Wilson of the Wall Street giant's Asset & Wealth Management unit wants to provide employees with tailored plans using a blend of technology and personal financial coaching.
January 22 -
Industry recruiters see the changes as intended to make client assets and advisory teams "stickier" and to retain executive talent.
January 19 -
With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.
January 17 -
At least one industry consultant thinks the large fintech provider has lost its "innovative spirit" since Bill Crager took over from his fellow founder in 2019.
January 8 -
In wide-ranging interview, CEO James Gorman warns that proposed banking rules would drive up interest rates for first-time homebuyers.
January 5