Morgan Stanley’s Andy Saperstein made a bold prediction earlier in the month. A prediction that should cause the hair on the back of your neck to stand up. Saperstein believes that the firm will create larger and larger teams to

The life of a financial advisor has a certain trajectory. As a ‘rookie’ you will generally take anyone and everyone, no matter the product and services they require. Assets and household counts matter. As your business matures most advisors pivot

Last month HighTower’s current CEO declared a massive shift in the firms strategy. Abandoning the broker protocol was the first (big and eye popping) step away from a decade long march that fueled the growth and profitability of the firm.

In the world of wirehouse wealth management and their legions of lawyers it’s shoot first and ask questions later. Limited, if any, due process for the accused or if they happen to be in the remote vicinity of alleged wrongdoing.

As the quarterly results were announced at Morgan Stanley, one thing becomes abundantly clear. Wealth management, and it’s associated fees, are the goose that lays the golden egg. Better than 40% of total revenue for the quarter came from the

 In conversations with several industry veterans and experts, the eventual plight of HighTower Advisors, could mirror that of United Capital. An acquisition of scale is preferred by HighTower’s current leadership (and its monied investors) and is driving their current in-house