According to InvestmentNews Advisors on the Move database, the Big 4 wirehouses saw near historic lows in advisor turnover during the past 12 months ending March 31. Merrill Lynch hired the most net new advisors over the 12 month period (517) and MSSB shed the most (340) UBS had 56 fewer advisors while Wells Fargo [...]
MSB Heavily Into Scenario Planning
April 19, 2011 By Leave a Comment
With the uncertainty as to what to expect from the SEC’s new fiduciary standard to be set for defining the financial advisor’s role on behalf of clients, Morgan Stanley Smith Barney is moving beyond just “buzzing” about the “what if’s”… At last week’s Securities Industry and Financial Markets Association conference in NYC, Anne Cooney, general [...]
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