2008 Articles
- Investment News "Stanford Financial expanding despite contracting economy."December 15, 2008
Stanford Group continues expanding during the downturn. - Investment News "Recruitment deals slim down."November 17-20, 2008
Deals have peaked as brokers are taken out of the market by retention deals or having already moved. - Dow Jones Newswires "UBS Wealth Management US Hires Merrill Brokers."November 14, 2008
UBS troubles have lessened vis-a-vis their rivals. - Wall Street Journal "Headhunters weigh in on Advisor Mobility."November 16, 2008, p. C-1.
Effects of industry turmoil, large deals and economic woes on movement. - Investment News "Rep retention bonuses could ignite PR firestorm."October 20, 2008
Can Bank of America pay Merrill reps in cash - or will it be stock? - Research Magazine "Brokers in Motion"October, 2008
Advisors and clients are losing respect for the major firms and are looking around in greater numbers than ever. - Wall Street Journal "Merrill Concidered Selling Minority Stake to Goldman."September 16, 2008, p. C-1.
Most brokers will probably stay with Merrill. - Investment News "Deals cut on ARS take heat off brokers, advisors."August 11-15, 2008
Agreements will take some of the heat from their clients off the brokers. - Registered Rep "Morgan’s Magic" July, 2008
Morgan Stanley is benefiting more than other wirehouses in the recruiting wars. - On Wall Street "Breaking Free" July, 2008
More advisors are considering independence now that their deferred compensation has shrunk but many continue to prefer the safety of major firms when times are tough. - On Wall Street "The Strongest Link" June, 2008
Recruiting is still being emphasized and deals are still large by historical standards but are starting to be reduced at some firms. - Wall Street Letter "UBS Offers Support Staff Voluntary Severance."June 3, 2008
The broker force is not being cut but some of their support is. - Investment News "Fate of book rests on coin toss."May 19-23, 2008
Consequences of a bad break-up of a team discussed. - Smart Money "Full-Service Free Agents."June, 2008, p.76.
Clents are often more loyal to brokers when they move than to their firms. - Wall Street Letter "UBS Freezes Rookie Hiring."April 28, 2008
Hiring experienced brokers is more cost effective than training new ones. - Wall Street Letter "Credit Crisis Makes Wirehouse Brokers Antsy."April 28, 2008
Write-downs have wirehouse brokers calling headhunters at a record pace. - Dow Jones Newswires "UBS Won’t Hire More Rookie Advisors."April 16, 2008
UBS elects to concentrate on recruiting new advisors and retaining the ones they have. - Wall Street Journal "A New Reason for Brokers to Switch Firms."April 15, 2008, p. D-4.
Auction Rate Securities problems one more consideration for brokers looking at a possible move. - Investment News "Retention deal from JPMorgan calms Bear brokers."March 31, 2008
Deal may not keep brokers in place — clients or culture may prompt moves. - Investment News "Bear Stearns brokers getting set to jump ship."March24, 2008
Sense of betrayal by firm may prompt many to depart. - Dow Jones News Service "Morgan’s Dimon To Rivals: Back Off From Hiring Bear Brokers."March 21, 2008
Dimon gets competition to stop hiring Bear Stearns brokers while he develops a retention deal.
View full article… - Dow Jones News Service quoted on Smartmoney.com "JPMorgan Faces Challenges Keeping Top Bear Employees."March 17, 2008
Brokers are starting to explore their options. - Dow Jones News Service quoted on Smartmoney.com "Bear Stearns Employees Mull Options As Firm Does The Same."March 14, 2008
Speculation that firm might be sold to a different firm prompts brokers to wait before exploring options. - Investment News "Profit sharing at Edwards will get ax."January 7-11, 2008
Replacing the plan could spur further defections. - On Wall Street "The Deal Makers" January, 2008
Top recruiters discuss current recruiting trends within the industry.