Staffing / Personnel
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Fidelity Institutional lowers fees for financial advisers trading on its platform
Starting Jan. 1, Fidelity will lower to $30, from $40, the standard pricing for a buy or sell transaction on its FundsNetwork platform, a 25% saving. But the custodian is also raising buy fees by 25% to $50 on five fund families, including the popular offerings from the Vanguard Group Inc.
New Merrill Lynch comp plan rewards teams
Merrill Lynch will reward teams that double their revenue in the five years after 2013 with a shared payout equal to 10% of the team's incremental revenue growth.
Female Merrill Lynch advisers object to gender bias settlement
A group of women advisers contend that a $39 million payout will actually reinforce policies allegedly tied to gender discrimination.
Firms work to make the most of their young advisers
Firms are beginning to give their young advisers more meaningful work sooner rather than later. Is this a sign that the model for bringing up new advisers is changing?
Young advisers can teach a thing or two
Youth may be wasted on the young, but as Trevor Hunnicutt's cover story aptly points out, the talents of youth are often wasted — period.
It's good to be boss: Owners, top advisers see double-digit pay hikes
Experienced financial advisers have seen their paychecks fatten over the past two years, thanks to increases in firm profitability, strong market performance and a talent shortage. But less experienced advisers aren't riding the money train.
Merrill Lynch team managing $700M moves to HighTower
A team of Connecticut advisers who manage $700 million for clients has broken away from Merrill Lynch Wealth Management. The Andriole Group, based in Madison, is joining HighTower Advisors. Charles Andriole, the founder, is making the move along with the firm's other principals — Geoffrey G.
Illinois advisers find clients with homes devastated by weekend tornadoes
Financial advisers across the Midwest on Monday continued to reach out to clients who may have been caught in the destructive path of tornadoes that affected a dozen states Sunday and killed at least six people.
Royal Alliance lures adviser team managing $150M
The New York-based trio works with more than 2,000 clients and plans to grow
Serve emerging clients with emerging planners
Advisory firm finds a way to help 'unprofitable' clients and build their talent pool.
$900 million UBS breakaway team forms new firm, joins Dynasty
A team of five UBS AG advisers said Tuesday that they have left the wirehouse brokerage firm to form an independent investment advisory firm, Fusion Family Wealth, and have joined Dynasty Financial Partners' platform of wealth management services and technology. Led by firm founder Jonathan Blau, a
For advisers serving clients and country, the balancing act is tough
For advisers who serve clients and country, like U.S. Army reservist David Hollands, serving the dual role of soldier and adviser underlines the importance of having a contingency plan in place.
Graying of America means opportunity for young advisers
America is a graying society, but for the wealth management industry, that could mean opportunity for young advisers. “The demographics in our industry and in our society are at an inflection point,” said Devin DeStefano, an executive at Wells Fargo Advisors, the third largest U.S. brokerage. “It's
Why young advisers need mentoring
A panel of financial staffing and career experts agree: mentoring is pivotal to the development of NextGen advisers. But what makes it such a critical part of adviser success?
LPL tops breakaway brokers' bucket list
LPL Financial is the top destination for brokers who are thinking about leaving their current firms within the next two years, according to new research. How does the rest of the industry stack up?
- Facebook's five-star ratings: The end of business pages for advisers?
- Pimco's El-Erian to step in to shore up $3B multi-asset fund
- Rebound in gold suits big guns Paulson, Soros
- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
Explore your opportunities and be informed for your next move.
Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly