Compensation
Compensation
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As independent wealth managers pitch potential recruits on their scale, the IBD network built tools and hired “growth officers” to work with practices.
November 1 -
Hundreds more financial advisors have flocked to the wealth manager this year, driving new highs in headcount, client assets and several other metrics.
October 29 -
CEO Ron Kruszewski predicted its independent arm will grow the way the employee brokerage has since the firm hired its first financial advisor in 1997.
October 28 -
The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.
October 28 -
One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups.
October 27 -
The public record designed to give clients a means of researching their advisor has no mention of some allegations, such as those against Eileen Cure.
October 25 -
Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back.
October 22 -
A quartet of advisors with $400 million in assets chose the independent firm out of many suitors.
October 22 -
Giant wealth managers and megabanks have a long way to go if they’re truly going to set a new course for the industry’s relationship to a historically excluded group.
October 21 -
With top employees at a premium, winning the talent war means making earned media coverage a steady part of your company’s culture and employee engagement strategy.
October 14 -
The higher number of brokers in two of the megabank’s largest business segments reeled in higher client assets based on equity values and inflows.
October 13 -
The widely expected bump in benefits won’t alter the program’s fiscal sustainability.
October 13 -
Teams managing $7.5 billion in client assets flocked to Financial Advocates through referrals from other reps who had previously moved to the firm.
October 13 -
Expecting everything to work seamlessly from day one can lead to a rude shock.
October 12 -
"Hopefully one day the industry changes and no one is surprised to see me at a top producer event due to my race or gender, or both," writes advisor Sandra Cho.
October 11 -
The average 529 account holds less than $29,000, which would pay for about half of a year of tuition at the average private university or a year or more at a public university.
October 7 -
Bank of America is offering $200 awards to Merrill Lynch Wealth Management branch employees who return to the workplace and confirm they’re fully vaccinated against COVID-19.
October 6 -
The PE-backed consolidators picked up firms with a combined $6.7 billion in client assets as high valuations and expansion plans bring sellers to the table.
October 5 -
An ex-executive with a firm acquired by the network three years earlier will lead FSC Securities as it seeks to grow in a competitive industry.
October 5 -
Here’s what one advisory firm found were the most common financial planning questions among a historically underserved group.
October 4


















