2010 Articles
- Investment News "Making Morgan Stanley Merrill-like."December 20, 2010
James Gorman is moving Morgan Stanley toward a more wealth management/retail- oriented firm. - Registered Rep "The Big Comeback." December, 2010
Uncertainty continues to take a toll as reorganization rolls on at the largest wirehouse.
- On Wall Street "Broker Pay: The Next Regulatory Target?" December, 2010
If new rules on compensation and transition packages come in the next few months, now could be the time to move. - Investment News "Wirehouse recruiting remains sluggish."October 25, 2010
After all the moves and retention packages of the past few years fewer advisors are moving in 2010 but training is regaining focus. - Investment News "Ex-UBS manager lures retirement planning team to Houston startup."October 18, 2010
U.S. Capital Advisors hires $4.5 million UBS team in Houston - Registered Rep "Wirehouse Recruiting Stalls, Despite Lucrative Offers." October, 2010
Wirehouses are extending contracts in a time when many say they are overpaying for recruits with 300+% deals.
- Registered Rep Branch Management Newsletter "Wirehouse Recruiting Stalls, Deals Keep Rising But Fewer Advisors Moving." September 13, 2010
Nominal deals keep increasing but market conditions make hitting the back-end bogies difficult.
- On Wall Street "The Wirehouse Way." August, 2010
Wirehouses still have plenty to offer brokers considering a move. - Registered Rep "BOMs Work More, Earn Less." July 12, 2010
The job Branch Manager is losing it’s alure and managers are losing their enthusiasm as workloads increase and pay heads the opposite direction.
- Financial Planning "UBS Nabs Merrill Advisors."June 2, 2010
McCann is beginning to rebuild the UBS broker force. - The Management Letter "Branch Managers Go From Producer to Non-Producer And Back Again." May 10, 2010
As many as 500 BOMs have been forced back into production — many of whom have not had a book for years. - Investment News "Looking Back." April 26, 2010
What will Thomas James do when he retires–will the family sell the business? - Investment News "High-Profile HighTower attracts controversy as well as brokers." April 26, 2010
Legal problems are a black eye for what was supposed to be a pristine firm. - On Wall Street "Recruiters Rondtable 2010: The Hire Powers Speak Out." January, 2010
Recruiting deals will probably remain strong in 2010. - Registered Rep "Life After Branch Management" January, 2010
Branch Managers should keep and build their books as a means of self defence.
View full article… - Registered Rep "Wirehouse Switching Slows" January, 2010
Movement of wirehouse slowed in the last half of 2009, expected to pick up in first half of 2010.