Merrill welcomes back an advisor who was last managing a $1 billion book of business at UBS.
Meanwhile, Wells Fargo brings on another team from UBS and Focus Financial gives a pair of its top executives some new responsibilities. Check it out below.
As judges have shown in other recent cases involving UBS and Stifel, firms have a high bar to clear if they want an arbitration award vacated.
In an unusual development, LPL saw its advisor total decline slightly in the first quarter. And client assets brought in through advisor recruiting were down 55% year over year.
Still, the number of widows who leave advisors is three times higher than the industry average. It doesn't have to be that bad.
The new money will be used primarily to pay off investors who provided capital when Reverence first bought a majority stake in the former Advisor Group in 2019.
When the same buzzwords — "fiduciary," "holistic," "goals-based," "client-driven" — appear on most wealth firms' websites, they do little to help firms stand out in a crowded market, experts say. There are, however, tactics that work.
The influential planning entrepreneur and the FPA are leading an effort to change a tiered fee structure for continuing education providers that started three years ago.
