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<channel>
	<title>Rick Peterson &#038; Associates</title>
	<link>http://www.rickpetersonassociates.com</link>
	<description>Rick Peterson &#038; Associates</description>
	<pubDate>Thu, 14 Jan 2010 16:06:59 +0000</pubDate>
	<generator>http://wordpress.org/?v=1.5.2</generator>
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		<item>
		<title>2010 Articles</title>
		<link>http://www.rickpetersonassociates.com/46</link>
		<comments>http://www.rickpetersonassociates.com/46#comments</comments>
		<pubDate>Fri, 01 Jan 2010 23:46:48 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/46</guid>
		<description><![CDATA[	
	On Wall Street &#34;Recruiters Rondtable 2010: The Hire Powers Speak Out.&#34; January, 2010Recruiting deals will probably remain strong in 2010.
	
	Registered Rep &#34;Life After Branch Management&#34; January, 2010Branch Managers should keep and build their books as a means of self defence.View full article&#8230;
	
	Registered Rep &#34;Wirehouse Switching Slows&#34; January, 2010Movement of wirehouse slowed in the last half [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>On Wall Street</em> &quot;Recruiters Rondtable 2010: The Hire Powers Speak Out.&quot; January, 2010</strong><br />Recruiting deals will probably remain strong in 2010.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Life After Branch Management&quot; January, 2010</strong><br />Branch Managers should keep and build their books as a means of self defence.<br/><a href=" http://registeredrep.com/advisorland/career/finance_life_branch_management/index.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Wirehouse Switching Slows&quot; January, 2010</strong><br />Movement of wirehouse slowed in the last half of 2009, expected to pick up in first half of 2010.<br/</li>
	<p>
</p>
]]></content:encoded>
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	</item>
		<item>
		<title>2009 Articles</title>
		<link>http://www.rickpetersonassociates.com/45</link>
		<comments>http://www.rickpetersonassociates.com/45#comments</comments>
		<pubDate>Thu, 01 Jan 2009 23:46:19 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/45</guid>
		<description><![CDATA[	
	Financial Planning &#34;UBS Recruiting Deal Doesn&#8217;t Match Rivals.quot;December 16, 2009The UBS recruiting deal appears to be about 50% short of their major competitors which may not be adequate, given all the bad press.View full article&#8230;
	
	On Wall Street &#34;UBS&#8217; Deal: Too Little, Too Late?&#34; December 11, 2009UBS&#8217; &#8220;Growth Plus&#8221; plan at 65% may not be enough [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>Financial Planning</em> &quot;UBS Recruiting Deal Doesn&#8217;t Match Rivals.quot;December 16, 2009</strong><br />The UBS recruiting deal appears to be about 50% short of their major competitors which may not be adequate, given all the bad press.<br/><a href=" http://www.financial-planning.com/news/UBS-retention-recruitment-2665073-1.html?ET=financialplanning:e1029:1917034a:&#038;st=email">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;UBS&#8217; Deal: Too Little, Too Late?&quot; December 11, 2009</strong><br />UBS&#8217; &#8220;Growth Plus&#8221; plan at 65% may not be enough to keep their remaining brokers in their seats.<br/></li>
	<p></p>
	<li><strong><em>Financial Planning</em> &quot;Deciphering Morgan Stanley Smith Barney&#8217;s New Recruiting Deal.&quot;November 12, 2009</strong><br />MSSB&#8217;s new deal is keyed to advisors who can grow their business by 50% in  five years.<br/><a href=" http://www.financial-planning.com/news/deciphering-morgan-stanley-smith-barney-recruiting-deal-2664551-1.html?ET=financialplanning:e928:1917034a:&#038;st=email>View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>The Street.com</em> &quot;Morgan Stanley Going Hard After Brokers&quot; November 12, 2009</strong><br />Morgan increases transition package to more than 300% over five years.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;BOMs for Hire&quot; October, 2009</strong><br />RIA firms are beginning to hire Branch Managers from traditional Wall Street firms.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Recruiting Games&quot; September, 2009</strong><br />Recruiting remains the surest way for firms to grow and transition packages remain high in order to meet goals.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;The Branch Manager Squeeze&quot; September, 2009</strong><br />Branch Managers are working harder for less compensation than ever before &#8212; and that&#8217;s the ones who still have jobs.<br/></li>
	<p></p>
	<li><strong><em>Financial Planning</em> &quot;Merrill&#8217;s Recruitment Deal Attracting UBS Advisors.&quot;August 31, 2009</strong><br />Merrill is attracting large teams who expect to grow their business in the future.<br/><a href=" http://www.financial-planning.com/news/merrill-recruitment-deal-attracting-ubs-advisors-2663707-1.html?ET=financialplanning:e680:1917034a:&#038;st=email">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Can Sallie Krawcheck restore Merrill&#8217;s luster?.&quot; August 10, 2009</strong><br />Large Broker/Dealers will remain a major force but there will be major challenges facing Krawcheck and other leaders.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Rivals Gain From Smith Barney Loss.&quot; July 22, 2009</strong><br />Smith Barney has lost more than 450 brokers since the merger with Morgan Stanley; Morgan says they are mostly under $500K producers.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Wanted: Execs to lead giant broker&#8217;s units.&quot; July 13, 2009</strong><br />UBS is searching for a new head for the U.S. brokerage unit.<br/></li>
	<p></p>
	<li><strong><em>Financial Planning</em> &quot;Big Firms Target UBS Brokers.&quot;July 7, 2009</strong><br />UBS brokers are major targets due to no retention deals and low morale.<br/><a href=" http://www.financial-planning.com/news/deutsche-bank-alex-brown-ubs-2663212-1.html?ET=financialplanning:e499:1917034a:&#038;st=email">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Fundfire.com</em> &quot;Wirehouse Branch Managers Flood Job Market&quot; July 6, 2009</strong><br />Ongoing consolidation leaves many Branch Managers without jobs and with few options.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Breakaway brokers still a trickle, not a tide.&quot; June 29, 2009</strong><br />The move to independence is accelerating and is expected to continue to do so over the next 18 months .<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Brokerage firm recruitment deals are holding steady for top reps.&quot; June 15, 2009</strong><br />Transition packages have declined only slightly for top producers.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Upstart HighTower snags $10B broker.&quot; May 4, 2009</strong><br />Many top brokers are leaving traditional firms for smaller advisory firms.<br/></li>
	<p></p>
	<li><strong><em>Fundfire.com</em> &quot;Former Smith Barney Star Lands at Merrill&quot; April 15, 2009</strong><br />Team with $5.5 billion AUM moves to Merrill after three months at Stanford Group.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Wachovia stops offering profit-formula deals&quot; April 13, 2009</strong><br />Wachovia has stopped offering standard transition packages for this semi-independent channel and has modified the calculation of past production for other recruits.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Financial Advisor Recruiting Slows At Major US Brokerages&quot; April 9, 2009</strong><br />Movement slows as greater numbers of brokers are under contract and as deals come down.<br/></li>
	<p></p>
	<li><strong><em>Smart Money</em> &quot;Sizing up the Little Guy&quot; April, 2009</strong><br />Many advisors, tired of big firm problems are moving to regionals.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;UBS Hires Two Credit Suisse Financial Advisors&quot; March 19, 2009</strong><br />UBS boosts HNW operations in San Francisco.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Oppenheimer recruiting brokers, advisors from Stanford Group&quot; March 12, 2009</strong><br />Stanford advisors are getting offers from Oppenheimer but not much of a transition package.<br/></li>
	<p></p>
	<li><strong><em>Research Magazine</em> &quot;UBS Taps Top Financial Advisors in Texas, as it Shores Up U.S. Wealth Management&quot; March, 2009</strong><br />UBS recruits 274 advisors in 4th quarter including a large Goldman team in Dallas.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;$8B Stanford fraus case will take years to clean up&quot; February 23, 2009</strong><br />Stanford advisors are trying to find new homes for themselves and their clients but have trouble due to frozen accounts.<br/></li>
	<p></p>
	<li><strong><em>Fundfire.com</em> &quot;SEC Charges Stanford Brokerage with $8B Fraud&quot; February 18, 2009</strong><br />Most of Stanford&#8217;s hires the past few years look like most other U.S. brokers but the problems stem mostly from foreign investors.<br/></li>
	<p></p>
	<li><strong><em>Bloomberg</em> &quot;UBS Hired Brokers in U.S. With &#8216;Super-Sized&#8217; Bonuses&quot; February 3, 2009</strong><br />UBS using very aggressive deals to lure brokers; talked with Morgan Stanley, talking with Wachovia about future of U.S. wealth management unit.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Morgan Stanley-Citi combo doesn&#8217;t float brokers&#8217; boats&quot; January 19, 2009</strong><br />Even though the combination may create a great firm, many brokers aren&#8217;t interested in such a large firm.<br/></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;Packages Get Lowered, Brokers Get Hired&quot; January, 2009</strong><br />Unrest in the industry causes brokers to continue to move despite deals being reduced.<br/></li>
	<p></p>
]]></content:encoded>
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		<item>
		<title>2008 Articles</title>
		<link>http://www.rickpetersonassociates.com/44</link>
		<comments>http://www.rickpetersonassociates.com/44#comments</comments>
		<pubDate>Tue, 01 Jan 2008 23:45:24 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/44</guid>
		<description><![CDATA[	
	Investment News &#34;Stanford Financial expanding despite contracting economy.&#34;December 15, 2008Stanford Group continues expanding during the downturn.
	
	Investment News &#34;Recruitment deals slim down.&#34;November 17-20, 2008Deals have peaked as brokers are taken out of the market by retention deals or having already moved.
	
	Dow Jones Newswires &#34;UBS Wealth Management US Hires Merrill Brokers.&#34;November 14, 2008UBS troubles have lessened vis-a-vis [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>Investment News</em> &quot;Stanford Financial expanding despite contracting economy.&quot;December 15, 2008</strong><br />Stanford Group continues expanding during the downturn.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Recruitment deals slim down.&quot;November 17-20, 2008</strong><br />Deals have peaked as brokers are taken out of the market by retention deals or having already moved.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;UBS Wealth Management US Hires Merrill Brokers.&quot;November 14, 2008</strong><br />UBS troubles have lessened vis-a-vis their rivals.<br/></li>
	<p><br/></p>
	<li><strong><em>Wall Street Journal</em> &quot;Headhunters weigh in on Advisor Mobility.&quot;November 16, 2008, p. C-1. </strong><br />Effects of industry turmoil, large deals and economic woes on movement.<br/></li>
	<p><br/></p>
	<li><strong><em>Investment News</em> &quot;Rep retention bonuses could ignite PR firestorm.&quot;October 20, 2008</strong><br />Can Bank of America pay Merrill reps in cash - or will it be stock?<br/></li>
	<p></p>
	<li><strong><em>Research Magazine</em> &quot;Brokers in Motion&quot;October, 2008</strong><br />Advisors  and clients are losing respect for the major firms and are looking around in greater numbers than ever.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Journal</em> &quot;Merrill Concidered Selling Minority Stake to Goldman.&quot;September 16, 2008, p. C-1. </strong><br />Most brokers will probably stay with Merrill.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Deals cut on ARS take heat off brokers, advisors.&quot;August 11-15, 2008</strong><br />Agreements will take some of the heat from their clients off the brokers.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Morgan&#8217;s Magic&quot; July, 2008</strong><br />Morgan Stanley is benefiting more than other wirehouses  in the recruiting wars.<br/></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;Breaking Free&quot; July, 2008</strong><br />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.<br/></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;The Strongest Link&quot; June, 2008</strong><br />Recruiting is still being emphasized and deals are still large by historical standards but are starting to be reduced at some firms.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Letter</em> &quot;UBS Offers Support Staff Voluntary Severance.&quot;June 3, 2008</strong><br />The broker force is not being cut but some of their support is.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Fate of book rests on coin toss.&quot;May 19-23, 2008</strong><br />Consequences of a bad break-up of a team discussed.<br/></li>
	<p></p>
	<li><strong><em>Smart Money</em> &quot;Full-Service Free Agents.&quot;June, 2008, p.76.</strong><br />Clents are often more loyal to brokers when they move than to their firms.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Letter</em> &quot;UBS Freezes Rookie Hiring.&quot;April 28, 2008</strong><br />Hiring experienced brokers is more cost effective than training new ones.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Letter</em> &quot;Credit Crisis Makes Wirehouse Brokers Antsy.&quot;April 28, 2008</strong><br /> Write-downs have wirehouse brokers calling headhunters at a record pace.</li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;UBS Won&#8217;t Hire More Rookie Advisors.&quot;April 16, 2008</strong><br />UBS elects to concentrate on recruiting new advisors and retaining the ones they have.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Journal</em> &quot;A New Reason for Brokers to Switch Firms.&quot;April 15, 2008, p. D-4. </strong><br />Auction Rate Securities problems one more consideration for brokers looking at a possible move.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Retention deal from JPMorgan calms Bear brokers.&quot;March 31, 2008</strong><br />Deal may not keep brokers in place &#8212; clients or culture may prompt moves.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Bear Stearns brokers getting set to jump ship.&quot;March24, 2008</strong><br />Sense of betrayal by firm may prompt many to depart.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones News Service</em> &quot;Morgan&#8217;s Dimon To Rivals: Back Off From Hiring Bear Brokers.&quot;March 21, 2008</strong><br />Dimon gets competition to stop hiring Bear Stearns brokers while he develops a retention deal.<br/><a href=" http://www.djtopstories.com/article/0,,SB120612433223480346,00.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Dow Jones News Service quoted on Smartmoney.com</em> &quot;JPMorgan Faces Challenges Keeping Top Bear Employees.&quot;March 17, 2008</strong><br />Brokers are starting to explore their options.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones News Service quoted on Smartmoney.com</em> &quot;Bear Stearns Employees Mull Options As Firm Does The Same.&quot;March 14, 2008</strong><br />Speculation that firm might be sold to a different firm prompts brokers to wait before exploring options.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Profit sharing at Edwards will get ax.&quot;January 7-11, 2008</strong><br />Replacing the plan could spur further defections.<br/></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;The Deal Makers&quot; January, 2008</strong><br />Top recruiters discuss current recruiting trends within the industry.<br/></li>
	<p></p>
	</ul>
]]></content:encoded>
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	</item>
		<item>
		<title>2007 Articles</title>
		<link>http://www.rickpetersonassociates.com/11</link>
		<comments>http://www.rickpetersonassociates.com/11#comments</comments>
		<pubDate>Mon, 01 Jan 2007 07:57:16 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/11</guid>
		<description><![CDATA[	
	Investment News &#34;Brokerage turmoil hits reps in pocketbook.&#34;November 12-16, 2007As brokerage firms&#8217; stock pricees decline some brokers are looking to rebuild personal net worth.
	
	Wall Street Letter &#34;Wachovia Heads for Greener Pastures.&#34; October 22, 2007Wachovia plans to double Wealth Management within three years.
	
	Investment News &#34;Wachovia -Edwards deal seen as balancing act.&#34; October 1, 2007Wachovia tries to [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>Investment News</em> &quot;Brokerage turmoil hits reps in pocketbook.&quot;November 12-16, 2007</strong><br />As brokerage firms&#8217; stock pricees decline some brokers are looking to rebuild personal net worth.<br/></li>
	<p></p>
	<li><strong><em>Wall Street Letter</em> &quot;Wachovia Heads for Greener Pastures.&quot; October 22, 2007</strong><br />Wachovia plans to double Wealth Management within three years.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Wachovia -Edwards deal seen as balancing act.&quot; October 1, 2007</strong><br />Wachovia tries to keep A. G. Edwards brokers and managers on board by dividing up leadership.<br/></li>
	<p></p>
	<li><strong><em>Bloomberg</em> &quot;A. G. Edwards Shareholders Back Purchase by Wachovia.&quot; September 28, 2007</strong><br />Wachovia executives try to keep A. G. Edwards brokers happy enough to stay with the combined firm.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Wachovia looks to calm skittish A. G. Edwards reps.&quot; September 3, 2007</strong><br />Wachovia executives are touring the country to try and keep A. G. Edwards brokers from jumping ship.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Stand By The Man.&quot;September, 2007</strong><br />The vast majority of Registered Rep&#8217;s Top 100 Advisor list work at wirehouses because of the value of the brand name.<br/><a href="http://registeredrep.com/advisorland/career/finance_financial_advisors/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Post Acquisition, A.G. Edwards BOMs Have Tough Job to Do.&quot;July 13, 2007</strong><br />A.G. Edwards managers must prove themselves and hold on to their brokers.<br/><a href="http://registeredrep.com/branchofficemanager/AGE_BOMs_Have_Tough_Job/index.html/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;A.G. Edwards brokers mull life after acquisition.&quot; June 4, 2007</strong><br />A.G. Edwards brokers are concerned with the possible change in corporate culture after joining Wachovia.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Smith Barney not for sale, executive says.&quot; April 20, 2007</strong><br />Although Citigroup needs to take &#8220;drastic action&#8221; to turn things around, they say divesting Smith Barney is not an option. Some are skeptical.<br/></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Morgan Stanley wins reps over.&quot; April 20, 2007</strong><br />Reps are starting to feel at home and happy with the Gorman changes.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones News Service</em> &quot;Morgan Stanley Builds &#8216;At Risk&#8217; Book To Retain Brokers.&quot;April 13, 2007</strong><br />Morgan Stanley explors ways to keep its own talent while poaching from others.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Sallie&#8217;s Back.&quot;February 23, 2007</strong><br />Sixty-nine Smith Barney brokers leave on February 16th..<br/><a href="http://registeredrep.com/news/sb-brokers-leave/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Investment News</em> &quot;Change at Citigroup gets mixed reaction.&quot; January 29, 2007</strong><br />Changes at the top result in less concern than recent compensation changes.<br/><a href="http://investmentnews.com/apps/pbcs.dll/article?AID=/20070129/FREE/70129007/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;Talent Brokers&quot; August 11, 2006</strong><br />Top recruiters discuss current recruiting trends within the industry.<br/><a href="http://www.onwallstreet.com/article.cfm?articleid=3504/">View full article&#8230;</a></li>
	<p></p>
	</ul>
]]></content:encoded>
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	</item>
		<item>
		<title>2006 Articles</title>
		<link>http://www.rickpetersonassociates.com/10</link>
		<comments>http://www.rickpetersonassociates.com/10#comments</comments>
		<pubDate>Sun, 01 Jan 2006 07:57:02 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/10</guid>
		<description><![CDATA[	
Investment News &#34;Smith Barney to slice rep pay..&#34; December 11, 2006Smith Barney&#8217;s cuts are expected to impact mid to lower producers most.
	
	Investment News &#34;Smith Barney struggles to keep assets, brokers from defecting.&#34; October 30, 2006
Burdensome compliance procedures may be the cause of broker defections and sluggish asset growth.
	
	Dow Jones Newswires &#34;Morgan Stanley Broadens Bonus Pool [...]]]></description>
			<content:encoded><![CDATA[	<ul>
<li><strong><em>Investment News</em> &quot;Smith Barney to slice rep pay..&quot; December 11, 2006</strong><br />Smith Barney&#8217;s cuts are expected to impact mid to lower producers most.<br/></li>
	<p><br/></p>
	<li><strong><em>Investment News</em> &quot;Smith Barney struggles to keep assets, brokers from defecting.&quot; October 30, 2006</strong><br />
Burdensome compliance procedures may be the cause of broker defections and sluggish asset growth.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Morgan Stanley Broadens Bonus Pool For Promising Brokers.&quot; September 29, 2006</strong><br />Morgan Stanley intensifies its quest for &#8216;Rising Stars&#8217; &#8212; young brokers who stand out among their peers.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Merrill Rehires Manager From Morgan Stanley.&quot; September 19, 2006</strong><br />Donal Plaus returned to Merrill after only five months at Morgan Stanley.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Smith Barney To Deepen Link Between Mgrs&#8217; Pay, Diversity.&quot; September 13, 2006</strong><br />Smith Barney, like all other major firms, is striving to hire more minority brokers.<br/></li>
	<p></p>
	<li><strong><em>Dow Jones Newswires</em> &quot;UBS Hires Wachovia Manager in Palm Beach&quot; August 29, 2006</strong><br />Wachovia managers are moving to other frims in the wake of Wachovia&#8217;s management restructuring.<br/></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Too Many BOMs? If Current Trends Continue, Yes&quot; August 11, 2006</strong><br />The glut in managers may start to abate by the end of the year.<br/><a href="http://registeredrep.com/newsletters/bom/Too_Many_BOMs_If_Current_Trends_Continue_Yes/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>On Wall Street</em> &quot;Rivals for the Riche$t&quot; August, 2006</strong><br />The top five boutiques strive to hire brokers who can reach the richest clients.<br /><a href="http://www.onwallstreet.com/article.cfm?articleid=3380">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;STREET MOVES: Piper Regional Mgrs May Get UBS Branch Jobs&quot; July 27, 2006</strong><br />Continued industry consolidation further reduces management opportunities; some former Piper Regional Managers may be lucky to get Branch Manager positions.</li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;STREET MOVES: Morgan Stanley Names Crozier District Head&quot; July 3, 2006</strong><br />&#8220;Corky&#8221; Crozier, former director of Deutsche Bank Alex Brown&#8217;s North American brokerage business joins Morgan Stanley. </li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Morgan Hires Manager From Wachovia&quot; June 19, 2006</strong><br />Morgan Stanley hires top quality manager from Wachovia.<br /><a href="http://online.wsj.com/article/SB115072297866259353.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;Morgan&#8217;s Training Makeover&quot; June 2006</strong><br />Training at Morgan Stanley as well as other firms will change as the industry evolves.<br /><a href="http://registeredrep.com/mag/finance_morgans_training_makeover/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Registered Rep</em> &quot;The wealth Management Quest&quot; June 2006</strong><br />Payout grids are being tweaked to enhance long term retention as well as profitability to the firm.<br /><a href="http://registeredrep.com/mag/finance_wealth_management_quest/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;Practice Management: Job Market Mixed For Branch Managers&quot; May 18,2006</strong><br />Scores of managers are unemployed after mergers, office closings and consolidations</li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;UBS Expands With Piper, But Faces Integration Challenges&quot; April 11, 2006</strong><br />The integration of Piper brokers should&#8217;t be as big a problem as some acquisitions because UBS is still small enough that size shouldn&#8217;t be such a concern to Piper brokers.</li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;Broker Returns to RBC Dain After Two Weeks&quot; April 11, 2006</strong><br /> An RBC Dain Rauscher broker left for Piper Jaffray only to return shortly &#8212; bad due diligence or was he misled? <br /><a href="http://onlinewsj.com/article/0,,DN_CO_20060412_011306,00.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;Piper Jaffray Unit Seen Good Fit With UBS&quot; April 11,2006</strong><br />Piper Jaffray brings a presence where major firms don&#8217;t have a strong presence.</li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;Ex-Morgan Stanley Regional Director To Join UBS&quot; March 20, 2006</strong><br />Ben Tarantino leaves post as Morgan Stanley&#8217;s Dallas Regional Director to take over UBS operations in Washington, DC, Maryland, Virginia, the Carolinas and Savanah, GA. <br /><a href="http://online.wsj.com/article/0,,SB114296424506595567,00.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Wall Street Journal Online</em> March 16, 2006</strong><br />Morgan Stanley revises management structure as James Gorman takes reins. <br /><a href="http://online.wsj.com/article/0,,SB114254235095892677,00.html">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Dow Jones Newswire</em> &quot;STREET MOVES: UBS Recruits $3 Million Smith Barney Broker&quot; </strong><br />UBS is targeting high-net-worth brokers like the recently hired Frank Savage, hired from Smith Barney in Houston.</li>
	<p></p>
	<li><strong><em>Forbes</em> &quot;Hanging on at Legg Mason&quot; January 25, 2006 </strong><br /> Many Legg Mason brokers were bound to Citigroup by Legg funds.<br /><a href=" http://www.forbes.com/2006/01/24/legg-mason-citi-brokers-cz_ds_0125legg_print.html">View full article&#8230;</a>
</li>
	<p>
</ul>
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		<title>Rick Peterson &#038; Associates</title>
		<link>http://www.rickpetersonassociates.com/1</link>
		<comments>http://www.rickpetersonassociates.com/1#comments</comments>
		<pubDate>Mon, 10 Oct 2005 06:32:37 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Front Page</category>
		<guid>http://www.rickpetersonassociates.com/1</guid>
		<description><![CDATA[	Rick Peterson &#038; Associates (RPA) is a 28-year-old national firm headquartered in Houston, TX. The firm specializes in executive recruiting for the brokerage industry. Some of the staff focuses on branch and sales management searches, others on management trainees, but the bulk of all activity is concentrated on brokers.
	Rick Peterson is the President of RPA. [...]]]></description>
			<content:encoded><![CDATA[	<p><img src='wp-content/handshake.jpg' alt='Handshake' class='alignrightfront'/>Rick Peterson &#038; Associates (RPA) is a 28-year-old national firm headquartered in Houston, TX. The firm specializes in executive recruiting for the brokerage industry. Some of the staff focuses on branch and sales management searches, others on management trainees, but the bulk of all activity is concentrated on brokers.</p>
	<p>Rick Peterson is the President of RPA. He specializes in high level managerial searches, as well as large individual producers and specialty teams. He also conducts seminars on recruiting, and is frequently retained for advice on market expansion strategy and competitive posturing by regional and national brokerage firms as well as banks. He is a regular contributor to The Wall Street Journal, Dow Jones News Service, Registered Rep Magazine, Financial Planning on Wall Street, Research Magazine, Securities Week, and other publications.</p>
	<p>The recruiters and staff at RPA are professional, courteous, and forthright; they obviously use the utmost in discretion and abide by age-old policies of confidentiality. Feel free to discuss any and all of your problems with the RPA staff and be assured that all information you give will be kept in total confidence.</p>
	<p>All fees incurred in the recruiting process are paid by the hiring firms and do not negatively impact deals – usually, in fact, deals are even larger when RPA’s service is used.</p>
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		<title>2005 Articles</title>
		<link>http://www.rickpetersonassociates.com/9</link>
		<comments>http://www.rickpetersonassociates.com/9#comments</comments>
		<pubDate>Sat, 01 Jan 2005 07:56:41 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/9</guid>
		<description><![CDATA[	
Dow Jones Newswires &#34;Wachovia Securities 2006 Pay Plan Irks Some Top Brokers&#34; December 14, 2005
Addresses pros and cons of the new Wachovia compensation plan.

	Dow Jones Newswires &#34;Oppenheimer Snags $2.8 Million Mid-Market Broker&#34; December 2, 2005
Discusses a new hire (Russ Allison) at Oppenheimer, Los Angeles, and the favorable climate at Oppenheimer for middle-markets brokers.

	Registered Rep &#34;Reshuffling [...]]]></description>
			<content:encoded><![CDATA[	<ul>
<li><strong><em>Dow Jones Newswires</em> &quot;Wachovia Securities 2006 Pay Plan Irks Some Top Brokers&quot; December 14, 2005</strong><br />
Addresses pros and cons of the new Wachovia compensation plan.</li>
</p>
	<li><strong><em>Dow Jones Newswires</em> &quot;Oppenheimer Snags $2.8 Million Mid-Market Broker&quot; December 2, 2005</strong><br />
Discusses a new hire (Russ Allison) at Oppenheimer, Los Angeles, and the favorable climate at Oppenheimer for middle-markets brokers.</li>
</p>
	<li><strong><em>Registered Rep</em> &quot;Reshuffling the Decks&quot; November 2005</strong><br />
Discusses changes in upper management organization at several firms.<br /><a href="http://registeredrep.com/mag/finance_reshuffling_decks">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>On Wall Street.</em>  &quot;Morgan Stanley Reps Stick With Firm&quot; July 2005.</strong><br />
There&#8217;s been a slow trickle [of brokers leaving Morgan Stanley]&#8230;<br /><a href="http://onwallstreet.com/article.cfm?articleid=2954&#038;pg=ros">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Dow Jones Newswire. </em> &quot;Citi Faces Challenges Integrating Legg Brokers&quot; June 24, 2005</strong><br />
Article by David Enrich and Jed Horowitz.
</li>
	<p></p>
	<li><strong><em>On Wall Street.</em>  &quot;A Perilous Position&quot; April 2005.</strong><br />
Describes the increasing difficulty in filling Branch Manager positions.<br /><a href="http://www.registeredrep.com/mag/finance_perilous_position">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Research Magazine. </em> &quot;Merrill, UBS Lead Pack&quot; April 2005</strong><br />
Discusses recruiting trends in the industry.</li>
	<p></p>
	<li><strong><em>Investment News. </em> &quot;Wachovia Securities works to increase reps&#8217; productivity&quot; March 21, 2005</strong><br />
General comments on training in the industry.</li>
	<p></p>
	<li><strong><em>Registered Rep. </em> &quot;Money for Maturity&quot; January 2005</strong><br />
Addresses trend toward bringing in new brokers who have experience in other fields.</li>
	<p></p>
	<li><strong><em>On Wall Street. </em> &quot;Hopes and Fears&quot; January 2005</strong><br />
Comments on what would be best and worst events for the brokerage industry in 2005.</li>
	<p></p>
	<li><strong><em>Investment News. </em> &quot;Wachovia simplifies payouts in effort to lure top brokers&quot; January 2005</strong><br />
In a move that distinguishes itself from other wirehouses, Wachovia Securities LLC last month drastically simplified its payout grid to brokers and advisers.</li>
	<p></p>
	</ul>
	<p></p>
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		<title>2004 Articles</title>
		<link>http://www.rickpetersonassociates.com/8</link>
		<comments>http://www.rickpetersonassociates.com/8#comments</comments>
		<pubDate>Fri, 02 Jan 2004 03:56:05 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/8</guid>
		<description><![CDATA[	
	Private Asset Management.  &#8220;OpCo Rejuvenated&#8221; December 6, 2004
Oppenheimer &#038; Co. has made a number of high profile hires this year indicating they have overcome any initial problems resulting from purchase by Fahnestock &#038; Co. over a year ago.  Rick Wisely and David Tufts, the OpCo managers in Los Angeles and New York, respectively, [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>Private Asset Management. </em> &#8220;OpCo Rejuvenated&#8221; December 6, 2004</strong><br />
Oppenheimer &#038; Co. has made a number of high profile hires this year indicating they have overcome any initial problems resulting from purchase by Fahnestock &#038; Co. over a year ago.  Rick Wisely and David Tufts, the OpCo managers in Los Angeles and New York, respectively, have had a lot of recruiting success.
</li>
	<p></p>
	<li><strong><em>On Wall Street.</em>  &#8220;Merrill, Smith Barney Use UBS Recruiting Tactic&#8221; December 2004. </strong><br />
Other firms are expected to start following the UBS lead of covering all or part of deferred compensation for the best brokers.<br /><a href="http://www.onwallstreet.com/article.cfm?articleid=2780">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Registered Rep.</em>  &#8220;The Tipping Point&#8221;  November, 2004</strong><br />
Former Prudential advisors are becoming concerned with Wachovia&#8217;s trouble-plagued technology rollout and are still uncertain how the soon to be published grid will effect them.<br /><a href="http://www.registeredrep.com/mag/finance_tipping_point/index.html">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Registered Rep.</em>  &#8220;Exodus at UBS?&#8221;  November 2004</strong><br />
The last payment of the UBS retention package coupled with some general unrest could foretell a mini-exodus of UBS brokers.<br /><a href="http://www.registeredrep.com/mag/finance_exodus_ubs/index.html">View full article&#8230;</a>
</li>
	<p></p>
	<li>
<strong><em>Registered Rep.</em>  &#8220;The Death of the &#8216;Peter Principle&#8217;?&#8221;  October 2004</strong><br />
The number of successful producing Branch Managers is declining as the amount of required compliance oversight balloons.<br /><a href="http://www.registeredrep.com/mag/finance_death_peter_principle/index.html">View full article..</a>
</li>
	</ul>
	<p>
</p>
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		<title>2003 Articles</title>
		<link>http://www.rickpetersonassociates.com/7</link>
		<comments>http://www.rickpetersonassociates.com/7#comments</comments>
		<pubDate>Wed, 01 Jan 2003 07:55:17 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/7</guid>
		<description><![CDATA[	
	Our firm continues to be quoted frequently in the major financial publications (e.g.:  The Wall Street Journal, Registered Rep, On Wall Street, The Wall Street Letter and Securities Week).  Unfortunately, many of them no longer allow free access via hot links so you would be unable to hop to their articles if you [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li>Our firm continues to be quoted frequently in the major financial publications (e.g.:  <em>The Wall Street Journal, Registered Rep, On Wall Street, The Wall Street Letter</em> and <em>Securities Week</em>).  Unfortunately, many of them no longer allow free access via hot links so you would be unable to hop to their articles if you are not an on-line subscriber.  We are attempting to correct this problem.  In the meantime, there are several articles scheduled to appear in the early autumn in these publications where we will be quoted liberally.
</li>
	<p></p>
	<li><strong><em>Research Magazine.</em>  October, 2003. </strong> Discusses trends in future compensation in the financial services industry. </li>
	</ul>
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		<title>2002 Articles</title>
		<link>http://www.rickpetersonassociates.com/6</link>
		<comments>http://www.rickpetersonassociates.com/6#comments</comments>
		<pubDate>Tue, 01 Jan 2002 05:54:58 +0000</pubDate>
		<dc:creator>Rick Peterson</dc:creator>
		
	<category>Media Coverage</category>
		<guid>http://www.rickpetersonassociates.com/6</guid>
		<description><![CDATA[	
	On Wall Street.  &#8220;The Growing Unease&#8221;  October, 2002.

	
	Research Magazine.  October, 2002.
This is one the most fertile times in recent years for a good hard-working broker to build a business.  Investors are more willing than ever to switch firms and brokers are capitalizing by either going after disgruntled clients or moving their [...]]]></description>
			<content:encoded><![CDATA[	<ul>
	<li><strong><em>On Wall Street.  &#8220;The Growing Unease&#8221;  October, 2002.</em></strong>
</li>
	<p></p>
	<li><strong><em>Research Magazine.</em>  October, 2002.</strong><br />
This is one the most fertile times in recent years for a good hard-working broker to build a business.  Investors are more willing than ever to switch firms and brokers are capitalizing by either going after disgruntled clients or moving their own clients to new firms. <em>Article not available.</em></li>
	<p></p>
	<li><strong><em>The Wall Street Journal. </em> &#8220;Morgan Stanley Sets Change for Brokers in Competition.&#8221;  September 18, 2002.</strong>
</li>
	<p>    </p>
	<li><strong><em>The Wall Street Journal.</em> &#8220;Layoffs on Wall Street Make it a Dead End for Some Brokers.&#8221; Susanne Craig and Randall Smith. July 25, 2002. </strong>Wall Street securities firms &#8212; which have cut a total of 25,910 employees, or 7% of their work force, since the end of 2000, according to the Securities Industry Association trade group &#8212; are bracing for a new round of layoffs based on the stock market&#8217;s swoon during the past three weeks, notwithstanding Wednesday&#8217;s strong, but partial, rebound. &#8230; Already, the resumes are piling up. &#8220;There are maybe 50 managers that I have right now in my stable here who have been either outsized, downsized or terminated who are looking for a job,&#8221; says Rick Peterson, a brokerage-industry recruiter in Houston. &#8220;There have been so many cutbacks in the number of complexes and branches, there are just fewer and fewer openings for the kind of quality managers that are available in this environment.&#8221;<br /><a href="/all-articles/layoffs-on-wall-street-make-it-a-dead-end-for-some-brokers/">View full article&#8230;</a></li>
	<p></p>
	<li><strong><em>Registered Representative. </em>&#8220;Reversal of Fortune: Compensation Trends 2002.&#8221; David Geracioti. June 1, 2002.</strong> The old saying is that brokers eat what they kill. And these days it seems that everybody is on a diet. Our annual broker compensation study shows about one-third of the respondents took a substantial hit in the wallet last year, as clients fled the markets and trading volumes fell. Many brokers — optimists that they are — confidently predict a comeback this year. But, there aren&#8217;t many signs of that happening yet.<br /><a href="/all-articles/reversal-of-fortunecompensation-trends-2002/">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Registered Representative.</em> &#8220;The Difficulty of Going it Alone.&#8221; Anne Field. June 1, 2002.</strong> Sure, going independent has its allure. You have the potential to earn a higher payout; you are the undisputed owner of your own book; and, say you want to take a Tuesday off to hit the links, sure, go ahead, you&#8217;re the boss. But nirvana it&#8217;s not. As is often the case, there are tradeoffs: While you may dislike your firm for its fixation with monthly production numbers, you may also depend upon the resources the wirehouse brings, such as computers, office equipment and other support services. When you go off on your own, you are saddled with the time-consuming details of running a business that you never had to worry about. When you go it alone, no longer are you able to focus on investments exclusively; you need to become well-versed in buying insurance, negotiating office leases, buying computers and service contracts and finding and hiring various consultants. “You end up spending an inordinate amount of time on trivial details you used to dump on your manager&#8217;s door,” says Rick Peterson, president of Rick Peterson &#038; Associates, a Houston-based recruiter specializing in the brokerage industry. Peter Haack is a case in point: He estimates that as an independent he spent perhaps one-third of his time in what he calls “non-producing activities.”<br /><a href="/all-articles/the-difficulty-of-going-it-alone/">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Registered Representative.</em> &#8220;Who are the Superbrokers?.&#8221; May 1, 2002.</strong> What makes an outstanding broker? Why do some reps get more out of their jobs — both financially and personally — than their peers? How is it that some brokers build a business and a web of relationships with clients that evolve into a rewarding community of interest for all participants — while others struggle with hard-selling, cold calling and endless turnover in their books?<br /><a href="/all-articles/who-are-the-superbrokers/">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>Registered Representative. </em>&#8220;The McKinsey-ization of Wall Street.&#8221; March 1, 2002. </strong>Wall Street old-timers will tell you that the beginning of the end of the freewheeling business they loved came in 1979, when consulting firm McKinsey advised Merrill Lynch to become a marketing-driven firm as opposed to a markets-driven one. The era of seat-of-the-pants management by close-knit partnerships of traders and investment bankers was ending.<br /><a href="/all-articles/the-mckinsey-ization-of-wall-street/">View full article&#8230;</a>
</li>
	<p></p>
	<li><strong><em>On Wall Street. </em>&#8220;Street Talk.&#8221; January 2002.<br />
</strong>
</li>
	<p></p>
	<li><strong><em>The Wall Street Journal.</em> &#8220;Many Securities Firms Lost Brokers During 2001.&#8221; January 23, 2002.</strong></li>
	</ul>
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