The recent sale by Ameriprise Financial of its Securities America advisory services has led to a new “buzz” on the street. The big question: Is this a new wave of consolidation within the finance industry similar to what we witnessed over the past two years? Two differing opinions were quoted by Dave Lindoff for OnWallSteet [...]
Doubt Looms Over Future Retention Packages
February 13, 2009 By 2 Comments
Morgan Stanley and Smith Barney brokers appeared hopeful last month when James Gorman, co-president of Morgan Stanley and chairman of the new joint venture, confirmed that there would be retention deals for both sides, with the “packages structured attractively in line with industry practice.” The intent, of course, being to dissuade top brokers from [...]
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