by Patrick M. Kelly | Apr 11, 2012 | Financial Recruiting Industry
From the Reuters report to OnWallStreet on March 28, according to some financial recruiters with knowledge of what UBS offers, the company has offered up to 215 percent of a broker’s annual trailing revenue production upfront. (Rivals offer between 160 percent...
by Patrick M. Kelly | Apr 9, 2012 | Hiring, Internet
And the winner is…UBS! As reported by Reuters on March 28 for OnWallStreet, UBS AG’s American wealth management division has pulled ahead in the race to attract top producers by the use of aggressive recruiting practices and large signing bonuses. Since January, 48...
by Patrick M. Kelly | Mar 30, 2012 | Broker-Dealers, Financial Services Industry
When The Hartford announced plans last Wednesday to sell Woodbury Financial Services, the firm’s independent broker/dealer, it created 1,600 financial advisors feeling anxious and wondering if they should start looking for another broker/dealer or wait it out to see...
by Patrick M. Kelly | Mar 27, 2012 | Job Market, Raymond James
OnWallStreet’s Lori Konish reported on March 22, that 600 Morgan Stanley financial advisors were offered retention incentives to remain with Raymond James after the acquisition two months ago. Of those, 98% have agreed to stay, a pleasant surprise as noted by COO...
by Patrick M. Kelly | Mar 19, 2012 | Merril Lynch, wirehouses
It’s a given that turnover is a constant in the wirehouse world and every wirehouse has gone thru their periods of upheaval, bad press, and an exodus of brokers. Speculation about Merrill’s inability to recruit big brokers after losing 50-80 top producers in the past...
