Recruiting
Ameriprise Fattens Recruiting Deal in Employee Channel
Aggressive offer includes potential for top-quintile brokers to receive 320% of their trailing-12 production over four years, including 170% upfront in cash.
Morgan Stanley “Feels Good” About Its Comp and Recruiting Policies—Saperstein
Co-head of wealth management business warns of tough second quarter but says firm is content with its hiring, compensation and technology strategies.
Why Hiring Firms Sometimes Say ‘No’ to Strong Producers
When an adviser has a pittance saved in his or her own retirement accounts alarms go off at Raymond James, while Lincoln Financial wants a detailed workout plan from advisers with financial difficulties.
Wells Ups Bounty for Headhunters in Short-Term Recruiting Push
Wells Fargo is offering recruiters a hefty 10% of a hired broker’s trailing 12-month revenue, up from about 6%, through the end of September.
J.P. Morgan Moves Again, Hires from UBS in Atlanta, Dallas, Palm Beach
On eve of a wirehouse’s withdrawal from the Protocol for Broker Recruiting, J.P. Morgan Securities again pulls out the recruiting stops and lands a $5 million team.
Stifel Recruits Wells Veteran to Run Pittsburgh, RBC Nabs UBS Manager in Iowa
Steve Bender leaves his former complex in North Carolina to oversee 15 western Pennsylvania advisors at Stifel, while RBC hires Timothy Woods in Des Moines after his 11 years with UBS.
UBS Pulling Out of Broker Protocol
One month after Morgan Stanley shakes up recruiting world with pullout from inter-industry pact, UBS also breaks ranks.
Wells Taps Former RBC Veteran, Two Insiders to Fill Regional Vacancies
Mary Sumners, 25-year veteran of Dain/RBC, takes reins of Wells Advisors’ northern region in Minneapolis, sources said.
Analysis: Smaller Rivals Quake After Morgan Stanley’s Protocol Decision
Independent advisory firms, broker-dealers, and regionals that were hiring steadily from wirehouses have the most to lose if the big firms protect their flanks through litigation.
JP Morgan Ends Big Recruiting Week with Beantown Loss
First Republic lures longtime brokerage team of Jeff Sherman and Art Karabelas, who have worked together at Lehman and JPM, and points in between, for about two decades.
Edward Jones Revives Dormant Effort to Recruit Women
As part of broader industry effort to remedy dramatic gender imbalances among their brokerage force, firm creates new measurement tools to motivate training and leadership development for women.
