It’s been a tumultuous 12 months for wirehouse branch managers. Not only did they have to guide advisors through the meltdown, but many also faced major changes to their own positions.
Last year, both Morgan Stanley Smith Barney and UBS moved to a "complex" management structure, under which one complex manager oversees a number of branches. A number of branch managers, who were not chosen to be complex managers, were then told they had to build a book of clients and become producing branch managers.
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