Compensation
Compensation
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Also this week in Advisor Moves, Fifth Third reels in a big team from BNY Mellon, and MAI Capital Management doubles its AUM with a big acquisition deal.
August 29 -
The group of rapidly expanding firms includes mainstays like LPL Financial, but also smaller upstarts that are enlarging their footprints at a notable clip.
August 27 -
RBC executives say the firm's recent string of recruiting wins comes with temporary costs but also the promise of boosting income over the long term.
August 27 -
The question has turned into something of a paradox because of the related, but different, rise of RIAs and how that has affected independent brokerages.
August 26 -
The up-and-coming IBD Arkadios recruits an entire Morgan Stanley team and a significant share of Merrill's headcount in Dothan, Alabama.
August 26 -
The tide is in the wirehouse's direction in its fights with advisors who've left for rival firms.
August 22 -
Also this week, Raymond James picks another team from Commonwealth amid its purchase by LPL, and Cetera recruits from B. Riley Wealth Advisors.
August 22 -
Recruiters say firms routinely cover advisors' lost deferred compensation in offer packages. Those deals are complicating efforts by advisors who contend they're still owed backpay.
August 21 -
The numbers don't reflect much change in the low representation of female wealth management professionals, but there are some signs of progress.
August 20 -
Only about 4% to 6% of advisors switch firms in a given year, for any number of reasons. Here's how growing advisory teams add to their ranks.
August 19 -
Today's bereaved women clients expect respect, empathy and real connection from wealth managers as the great wealth transfer unfolds.
August 19 -
A group of former Ameriprise brokers argue they had no say in a court agreement requiring them to hand over their cell phones and other devices to a third-party forensic examiner.
August 18 -
Retired women find themselves leaning on Social Security as a primary source of income at greater rates than men, according to new research from the Transamerica Institute. Financial advisors say that has significant implications for retirement planning.
August 18 -
Plus, UBS loses a pair of advisors from a prominent team to Morgan Stanley, while SageView and Corient make big acquisition deals.
August 15 -
Each of the biggest firms in the channel grew substantially in 2024, but LPL's giant M&A deal to buy Commonwealth for $2.7 billion has further consolidated the ranks.
August 13 -
The win for Morgan Stanley comes after a recent string of victories against brokers who left for rival firms. But as the outcome in the JPMorgan case shows, firms don't always prevail.
August 12 -
Complex manager John Moran says RBC Wealth Management's New York market has recruited advisors with nearly $10 billion in assets this fiscal year, pulling from rivals like UBS, JPMorgan and Morgan Stanley.
August 11 -
Also this week, both Arax Investment Partners and Aspen Standard Wealth add RIAs with $1B in AUM.
August 8 -
Being a financial advisor with ADHD comes with challenges. But it can also lead to positive change.
August 5 -
AFE Private Wealth's upcoming move to a larger office will launch what its partners say is a separate but symbiotic pairing with an exclusive gathering place.
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