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Best of November: Elwyn, McCann, Thiel & Others on the State of Wealth Management

In case you missed them, here are the five most popular, well-read and shared stories of November from On Wall Street.

1. Retiring Advisor Wave Will Lead to Lower Advisor Payouts

Raymond James & Associates president Tash Elwyn thinks the new crop of advisor contracts will end up being bad for advisor pay. He explains why in this far-ranging interview.

2. Ignore RIAs At Your Own Peril

UBS WMA head Bob McCann talks about the overblown RIA “threat” to wirehouse and employee-channel advisor business models, and explains why he still wants to know what the RIA sales pitch is.

3. RIAs: They're [Going to Be] Just Like Us

John Thiel, head of Merrill Lynch, says that selling to a wirehouse will inevitably be the exit strategy for RIAs as they get bigger.

4. Morgan Stanley Advisor Ordered to Repay 'Bonus'

When he left the firm before his upfront “recruiting” loan/bonus vested, Wilhelm Nash obviously didn’t realize the long arm of Morgan Stanley would reach out and touch him to the tune of $2million.

5. The State of Wealth Management 

Where does the industry stand today, where is it headed and what’s in the way? We grilled ten of the most influential executives in the wealth management industry on those and other topics and got some candid, surprising and deeply thoughtful answers.  

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