2006 Articles
- Investment News "Smith Barney to slice rep pay.." December 11, 2006
Smith Barney’s cuts are expected to impact mid to lower producers most. - Investment News "Smith Barney struggles to keep assets, brokers from defecting." October 30, 2006
Burdensome compliance procedures may be the cause of broker defections and sluggish asset growth. - Dow Jones Newswires "Morgan Stanley Broadens Bonus Pool For Promising Brokers." September 29, 2006
Morgan Stanley intensifies its quest for ‘Rising Stars’ — young brokers who stand out among their peers. - Dow Jones Newswires "Merrill Rehires Manager From Morgan Stanley." September 19, 2006
Donal Plaus returned to Merrill after only five months at Morgan Stanley. - Dow Jones Newswires "Smith Barney To Deepen Link Between Mgrs’ Pay, Diversity." September 13, 2006
Smith Barney, like all other major firms, is striving to hire more minority brokers. - Dow Jones Newswires "UBS Hires Wachovia Manager in Palm Beach" August 29, 2006
Wachovia managers are moving to other frims in the wake of Wachovia’s management restructuring. - Registered Rep "Too Many BOMs? If Current Trends Continue, Yes" August 11, 2006
The glut in managers may start to abate by the end of the year.
View full article… - On Wall Street "Rivals for the Riche$t" August, 2006
The top five boutiques strive to hire brokers who can reach the richest clients.
View full article… - Dow Jones Newswire "STREET MOVES: Piper Regional Mgrs May Get UBS Branch Jobs" July 27, 2006
Continued industry consolidation further reduces management opportunities; some former Piper Regional Managers may be lucky to get Branch Manager positions. - Dow Jones Newswire "STREET MOVES: Morgan Stanley Names Crozier District Head" July 3, 2006
“Corky” Crozier, former director of Deutsche Bank Alex Brown’s North American brokerage business joins Morgan Stanley. - Registered Rep "Morgan Hires Manager From Wachovia" June 19, 2006
Morgan Stanley hires top quality manager from Wachovia.
View full article… - Registered Rep "Morgan’s Training Makeover" June 2006
Training at Morgan Stanley as well as other firms will change as the industry evolves.
View full article… - Registered Rep "The wealth Management Quest" June 2006
Payout grids are being tweaked to enhance long term retention as well as profitability to the firm.
View full article… - Dow Jones Newswire "Practice Management: Job Market Mixed For Branch Managers" May 18,2006
Scores of managers are unemployed after mergers, office closings and consolidations - Dow Jones Newswire "UBS Expands With Piper, But Faces Integration Challenges" April 11, 2006
The integration of Piper brokers should’t be as big a problem as some acquisitions because UBS is still small enough that size shouldn’t be such a concern to Piper brokers. - Dow Jones Newswire "Broker Returns to RBC Dain After Two Weeks" April 11, 2006
An RBC Dain Rauscher broker left for Piper Jaffray only to return shortly — bad due diligence or was he misled?
View full article… - Dow Jones Newswire "Piper Jaffray Unit Seen Good Fit With UBS" April 11,2006
Piper Jaffray brings a presence where major firms don’t have a strong presence. - Dow Jones Newswire "Ex-Morgan Stanley Regional Director To Join UBS" March 20, 2006
Ben Tarantino leaves post as Morgan Stanley’s Dallas Regional Director to take over UBS operations in Washington, DC, Maryland, Virginia, the Carolinas and Savanah, GA.
View full article… - Wall Street Journal Online March 16, 2006
Morgan Stanley revises management structure as James Gorman takes reins.
View full article… - Dow Jones Newswire "STREET MOVES: UBS Recruits $3 Million Smith Barney Broker"
UBS is targeting high-net-worth brokers like the recently hired Frank Savage, hired from Smith Barney in Houston. - Forbes "Hanging on at Legg Mason" January 25, 2006
Many Legg Mason brokers were bound to Citigroup by Legg funds.
View full article…