Anonymous sources
Registered Rep.
What Your Advisors Hate About You - Registered Rep.
A current wirehouse BoM, who requested anonymity, agrees. “The areas where managers need to be skilled are administration, business development and recruiting,” he says. “And, the reality is that almost no one is great at all three of these things.
UBS Says Headhunters Playing Dirty, Unfairly Smearing the Firm - Registered Rep.
One official for UBS, speaking on background, said he could not disclose specific numbers but “the trajectory” at the Americas is strong. “The hiring numbers are up as is production,” he said. This same person said UBS Wealth Management Americas won a ...
Ladenburg Thalmann Possible Buyer in Securities America Sale - Registered Rep.
One industry recruiter, who declined to be named, told Registered Rep. that people inside Securities America have named Ladenburg as a potential bidder. Another industry source, who preferred to remain anonymous, said Securities America reps were being ...
Advisors Promised the Moon, But Get Hard Cheese - Registered Rep.
Another advisor, who declined to be named because he's still working in the industry and doesn't want to damage the relationship with his current b/d, said he was wooed by Stanford recruiters in 2007, who represented the firm as a very high-end, ...
Securities America Likely To Sell At Discount - Registered Rep.
One industry recruiter who declined to be named said the buyer would have to at least the size of Ameriprise to absorb Securities America. The recruiter speculated that a private equity firm would be the most likely buyer, and that such a firm would ...
Securities America Faces Settlement Hearing Friday; Legal Liabilities Up in ... - Registered Rep.
One SAI advisor, who declined to be named because he's going to be leaving the firm soon, said he doesn't expect Ameriprise to bail out the firm, based on its past behavior. In September 2008, Ameriprise shelled out $33 million to clients who were ...
As 2011 Begins, Both UBS and Morgan Stanley Tweak Branch Manager Pay - Registered Rep.
... may be a 25 percent or more cut in total compensation, despite a small rise in base pay,” according to one industry insider who spoke off the record. ...
Wirehouse Recruiting Stalls, Deals Keep Rising but Fewer FAs Moving - Registered Rep.
“It all depends on the individual deal,” said one wirehouse BOM in New York, who asked to remain anonymous. “But, I don't think it's working as a whole. ...
Fiduciary Duty For All Hangs On Senator Tim Johnson - Registered Rep.
“We need all 7 senate Dems to agree to what the House wants,” said one Washington-based lobbyist who preferred to speak off the record. ...
Client Shoots Clean Dallas Broker Over Bad Bonds - Registered Rep.
According to a colleague of the financial advisor who preferred to speak off the record, the gunman, Robert Mustard, 60, was unhappy about a bad investment ...
Washington Not Swayed By Mainstream Media On Fiduciary Standard. What About ... - Registered Rep.
... of their constituents, that can change opinions,” said one lobbyist for the brokerage industry in Washington who preferred to speak off the record. ...