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Registered Rep.
November 4, 2011
Kristen French
Indie Exodus: Overhyped? In 2009, in the wake of arguably one of the biggest financial crises this country has seen since the Great Depression, over 3,000 financial advisors left Merrill Lynch, UBS, Morgan Stanley and Wells Fargo to start life over at an independent broker/dealer or RIA firm. mark for My Articles similar articles
Registered Rep.
April 18, 2012
Diana Britton
Tiburon's Roame: Less of a Breakaway Trend, More of a `Broken-Away' Trend Whether you agree with him or not, Chip Roame, managing principal of Tiburon Strategic Advisors, is not afraid to tell you exactly how he sees it when it comes to the financial services industry. mark for My Articles similar articles
Registered Rep.
April 23, 2010
Halah Touryalai
Compensation Key To Breakaway Recruiting Pitch RIA principals and consultants discuss strategies for wooing and hiring advisors from various different kinds of firms. mark for My Articles similar articles
Registered Rep.
November 21, 2012
Jerry Gleeson
Why Wirehouse FAs Pass on the RIA Path Independence is appealing to a growing number of wirehouse advisors, but the RIA route clearly has some challenges for most of them. mark for My Articles similar articles
Registered Rep.
June 2, 2011
Diana Britton
America's Top Independent Brokerages The Merrills and Morgan Stanleys of the world say it was never an exodus, the migration is over, and it was only those advisors who couldn't make it in the cutthroat wirehouse world who crossed over to the independent side of the business. mark for My Articles similar articles
Registered Rep.
July 22, 2013
Mindy Diamond
The Long Road Home Wirehouse firms are recruiting more independent advisors to their ranks than ever before. mark for My Articles similar articles
Registered Rep.
October 1, 2012
Mindy Diamond
Lost In Translation Different languages: How communication gaps can kill recruiting for advisory firms. mark for My Articles similar articles
On Wall Street
August 1, 2010
Aarti N. Maharaj
The Wirehouse Way While the lure of independence has traditionally been viewed as the ultimate siren song for many advisors, many in the industry are finding good reasons to stay with the big companies. And it's not all about the money. mark for My Articles similar articles
Registered Rep.
February 23, 2010
Halah Touryalai
Clients, The New Breakaways First, there was the breakaway broker phenomenon; now, it seems, we have a growing vogue of breakaway clients -- former wirehouse investors who ditch their old advisors for new ones at independent RIAs or broker/dealers. mark for My Articles similar articles
On Wall Street
July 1, 2010
Lauren Barack
Beating Back The Independents So a mere eighteen months after the sky fell, is it really possible that life at the wirehouses isn't so bad? mark for My Articles similar articles
Registered Rep.
May 13, 2009
Christina Mucciolo
Wall Street Squeezes Small Brokers, Many Go Independent In this brutal market, many advisors are taking payout cuts or being let go. But many of these advisors are finding homes at independent and regional b/ds and RIA firms. mark for My Articles similar articles
Registered Rep.
February 16, 2010
Mindy Diamond
Recruiting Bonuses Are Still Strong TD Ameritrade, Schwab, Fidelity and Pershing are all reporting that their pipelines of interested advisors is more robust than ever in their collective histories. mark for My Articles similar articles
Investment Advisor
September 2009
Melanie Waddell
Not So Fast Cerulli Associates data suggests there may be fewer wirehouse brokers breaking away. mark for My Articles similar articles
Registered Rep.
January 3, 2012
Jerry Gleeson
Raiders of the Wirehouse Ark The emergence of HighTower as a major player in the independent space also dovetails with the changes that have shaken the wirehouse industry since the 2008 financial crash. mark for My Articles similar articles
Investment Advisor
May 2009
Kelli Cruz
Walk On The trend of wirehouse advisors joining the independent RIA channel has ramped up significantly in the last several years, and is only increasing in the wake of Wall Street's epic meltdown. mark for My Articles similar articles
Registered Rep.
December 21, 2012
Megan Leonhardt
Looking Back, 2012 A Mixed Bag For Wirehouses Assets mostly were up, but advisors are on the move. mark for My Articles similar articles
Investment Advisor
December 2005
Melanie Waddell
Breaking Away Brokers are finding it easier than ever to go independent, aided by custodians and other independent advisors. mark for My Articles similar articles
Registered Rep.
November 26, 2012
Mindy Diamond
Advisors Sober Up For 2013 While the trend toward independence slowed a bit from previous years, 2012 was the year the independent channel legitimized its place next to the more traditional players. mark for My Articles similar articles
Registered Rep.
December 2, 2008
Halah Touryalai
RIA Consolidators Going After Wirehouse Reps RIA holding companies are opening their arms to welcome wirehouse advisors, but only the cream of the crop: those who have significant assets under management and heavily fee-based books. mark for My Articles similar articles
Registered Rep.
November 8, 2010
Kristen French
Merrill Strengthens Golden Handcuffs For New Hires, Recruits Small Fry To receive all of his recruiting bonus money, a new hire must now stick around for 14 years, instead of nine, and all of the back-end money is now deferred, where a big portion used to be in cash. mark for My Articles similar articles
On Wall Street
March 1, 2010
Lauren Barack
Time For Creative Recruiting With top advisors locked into retention packages, it's becoming harder for wirehouses to boost their ranks. mark for My Articles similar articles
Registered Rep.
August 29, 2012
Jerry Gleeson
Devil Take the Hindmost The headlines in the media note that advisor headcount was down 2.3 percent overall in 2011. But it was the independent broker/dealer market that accounted for the biggest hit in the numbers. mark for My Articles similar articles
Registered Rep.
September 30, 2013
Megan Leonhardt
Wirehouse Evolution Far from a dying model, the big brokerages are changing their game. mark for My Articles similar articles
Registered Rep.
November 1, 2005
Christopher O'Leary
Creating an Escape Plan Independence has long been a dream of many wirehouse reps. But for the great majority of wirehouse pros, it remains simply that. Going independent is a proposition fraught with peril and is not to be taken lightly. mark for My Articles similar articles
Registered Rep.
March 22, 2013
Mindy Diamond
Of Myths and Moving: Part IV When it comes to preconceived notions about the wirehouse world and independence, many advisors have it all wrong. Here are the five most common myths advisors have today. mark for My Articles similar articles
Registered Rep.
April 16, 2014
Mindy Diamond
Outgrowing the IBD For advisors who are managing more than $500 million in client assets and are looking to build an enterprise, the independent broker/dealer model may have become too limiting for them. mark for My Articles similar articles
Registered Rep.
October 1, 2005
Mindy Diamond
What Size Pond? It is important for advisors to find a firm that is a good fit for their particular goals. In many cases, small firms work well. For advisors looking to expand their books aggressively, larger firms are often -- but not always -- a good option. mark for My Articles similar articles
Registered Rep.
May 14, 2013
Mindy Diamond
The Economics of Choice In many cases, the economics of the independent model can be exponentially better than those being touted by the wirehouses today. mark for My Articles similar articles
Financial Advisor
June 2009
Jeff Schlegel
Money In Motion The economic crisis has wreaked havoc on wirehouses, and more advisors are looking for new opportunities. mark for My Articles similar articles
Registered Rep.
April 29, 2009
Halah Touryalai
Wirehouse Advisors Switch Firms in March The number of reps switching broker/dealers during the month was up 34 percent versus the number who switched in February. mark for My Articles similar articles
Registered Rep.
September 11, 2009
Halah Touryalai
Survey Says: Wall Street Advisors Going...Wait For It...Independent! Wall Street wirehouse firms are expected to see a net loss of $188 billion in client assets to other channels in the industry, including RIAs, independent broker/dealers and regional b/ds. mark for My Articles similar articles
Registered Rep.
July 14, 2011
Jerry Gleeson
Wirehouse Breakaways Eye HighTower Model VWG Wealth Management, with assets of $700 million, is the fifth wirehouse team this year to join HighTower Advisors, a Chicago-based hybrid RIA with national reach and $18 billion in AUM. mark for My Articles similar articles
Registered Rep.
December 13, 2010
Susan Konig
IBD and RIA Opportunities Arise For Branch Managers As the independent broker/dealer and RIA channels grow, they are creating a viable market for those displaced managers. mark for My Articles similar articles
Registered Rep.
October 15, 2010
Jerry Gleeson
Fewer, But Bigger Breakaway Brokers Joining RIAs With markets stabilizing and bank-brokerage merger integrations progressing, fewer brokers are fleeing the big Wall Street wirehouse firms for the RIAs and independent b/ds in 2010. mark for My Articles similar articles
Registered Rep.
March 1, 2008
Independent Together The "RIA-in-a-box" model will attract plenty of wirehouse reps who may have previously balked at the idea of going completely independent, fearing they were unprepared to run their own businesses. mark for My Articles similar articles
Registered Rep.
December 16, 2009
Halah Touryalai
Wirehouse Switching Slows in Second Half of 2009 In November, just 177 advisors in the wirehouse channel switched firms, the smallest monthly number all year, according to Discovery Database. mark for My Articles similar articles
Registered Rep.
June 6, 2011
John Aidan Byrne
Wall Street Brokerages Set For More Advisor Defections? Switching for big signing bonuses spiked during the recent financial crisis when Wall Street's biggest brokerages merged or were acquired. But it died down a bit after Merrill Lynch and Morgan Stanley offered their financial advisors retention packages. mark for My Articles similar articles
Registered Rep.
December 1, 2011
Kristen French
Broker Report Card 2011: It's Getting Better All the Time Registered Rep.'s 21st annual Broker Report Cards showed advisor satisfaction ratings creeping higher this year across the board -- on everything from compensation and benefits, compliance support and sales support to products. mark for My Articles similar articles
Registered Rep.
August 17, 2009
Mindy Diamond
Merrill Is Not Desperate -- The Race For Top Advisors Continues Is Merrill Lynch is embarking on an aggressive "push" to hire financial advisors? mark for My Articles similar articles
On Wall Street
July 1, 2010
Bill Willis
Defining A Firm's Label, Where Do You Fit In? We in the securities industry make a big deal of classifications for our firms. However, over the years these categories have become blurred, as have their advantages and weaknesses. mark for My Articles similar articles
Registered Rep.
February 13, 2012
Jerry Gleeson
Raymond James Ramping Up Its RIA with New Leadership, Investment The new president, Bill Van Law, said the company plans to make a significant investment in the business in the months ahead. mark for My Articles similar articles
Registered Rep.
January 25, 2010
Halah Touryalai
LPL's New RIA Platform Rakes in Assets Since launching the platform in October 2008 through the end of 2009, the firm gathered $7.3 billion in assets. mark for My Articles similar articles
Registered Rep.
April 1, 2008
John Churchill
Good Times, Bad Times Shares of the major broker/dealers are getting hammered. The good news is, for those of you who have always wanted to move on, but couldn't because it made you sick to leave unvested options on the table, this may be your moment. mark for My Articles similar articles
Registered Rep.
September 22, 2008
John Churchill
Wall Street's Pain Is RIAs' Gain: Reps Flee Wirehouses, Bring Assets to Fido And Others Despite the still-outsized signing bonuses offered by most Wall Street firms, the steady trickle of brokers leaving wirehouse firms to join or form their own RIA firms is growing. mark for My Articles similar articles
Registered Rep.
November 30, 2012
Diana Britton
Withering Wirehouses? Not Quite. Many industry propellerheads have forecasted an exodus of wirehouse advisors to the independent channel as retention bonuses unwind this year. mark for My Articles similar articles
Registered Rep.
August 29, 2014
Mindy Diamond
Ten Years of Myths and Moving Why advisors need to purge common "myths" from their thinking about changing jobs. mark for My Articles similar articles
Investment Advisor
September 2008
Philip Palaveev
B/D or RIA? How to Decide for Yourself To help make the decision between the registered independent advisor and broker/dealer approach, first ask yourself where you belong. mark for My Articles similar articles
Registered Rep.
January 6, 2010
Halah Touryalai
Wirehouse FAs Switching B/Ds Slows The number of wirehouse advisors switching broker/dealers has been in steep decline since June. mark for My Articles similar articles
Registered Rep.
October 24, 2007
Halah Touryalai
The New New RIA Model: Sharing Back Offices The barriers to going independent are shrinking. Don't believe it? Check out Mraz, Amerine & Hirschler & Associates, a firm launched by three wirehouse advisors who left Morgan Stanley earlier this month with $400 million in client assets. mark for My Articles similar articles
On Wall Street
August 1, 2011
Lorie Konish
Expect a New Wave of Advisor Movement Even with rumblings that Wall Street firms could brace for cost cuts and layoffs this summer, competition for top wealth management talent is poised to remain strong. mark for My Articles similar articles