Whichever Morgan Stanley employee that came up with the idea that exiting the broker protocol would somehow lead to an uptick in retaining the firms largest and most profitable advisors needs to be fired. It’s not working. Via AdvisorHub, the
Wells Fargo doesn’t have any answers. As the body shots take their toll the brand remains badly bruised and bloodied, with advisors caught squarely in the crossfire. Just three years ago Wells Fargo was a paragon of virtue and stability.
Morgan Stanley walks to the beat of its own drum at the moment. As of today they are the only legitimate global investment bank/brokerage force left that can claim scale in sheer numbers and a ‘smorgasbord’ of investment banking products
A decade. Ten years later, the landscape is predictably different than what financial advisor veterans remember. In late 2008 and creeping into early 2009, names like Merrill Lynch, UBS, Morgan Stanley, towered over the wealth management industry with legions of
In a survey of 803 advisors by Forbes†, about 3/4 of all respondents recognized the importance of state-of-the-art technology in serving their clients. And notably, …”those financial advisors with the highest annual incomes are more likely to see the value
Who owns the client: The advisor or the broker-dealer? When was the last time the broker-dealer changed the FA compensation plan? How many practices did the broker-dealer bring in over the past year? How successful have prior FAs been
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