Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – Executives from regional firms to wirehouses have remarked on the frenzied pace of hiring this year, but all that firm hopping is about to cool off—at least for two weeks.
Louis Diamond Quoted – By Kathleen Laverty , FAIQ – UBS is holding the line on 2023 compensation for its U.S.-based advisors, according to an internal memo seen by Barron’s Advisors.
After two rounds of careful due diligence, UBS advisory team Roy Gutierrez and son David came to the conclusion that both of their futures, their clients, and their business could be better served in independence.
By Victoria Zhuang, FinancialPlanning.com – Financial advisors looking to go independent usually spend anywhere from a few months to a year planning their move. For one father-son team leaving UBS, it’s been a nearly decade-long process.
By Ali Hibbs, WealthManagement.com – A father-son team overseeing nearly a billion in assets at UBS has jumped ship to establish an independent practice with help from TruClarity Management Solutions, a consulting firm and service provider for breakaway advisors establishing independent wealth management practices.
Louis Diamond Quoted – By Lisa Shidler, RIABIZ – LPL Financial will pay $140 million to go bigger in mass-market retail advice in 2023 after it scrapped Nestwise in 2013 amid OSJ howls and a slow start.
Louis Diamond Quoted – By Glenn Koch, Financial Advisor IQ – Merrill Lynch has added a suite of pre-approved products to its dual-contract program that the wirehouse says will help advisors better cater to high-net-worth clients.
Louis Diamond Quoted – By Jennifer Lea Reed, Financial-Planning.com – A registered investment advisor spun off from a giant accounting firm earlier this year agreed to acquire a billion-dollar practice with 13 financial advisors in its first deal as a standalone firm.
By Jeff Berman, ThinkAdvisor – Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that previously managed $2.9 billion in client assets at Baird.
Louis Diamond Quoted – By Jennifer Lea Reed, FA Magazine – It’s nothing new that financial advisors want to support their communities and “give back.” And it’s common for many of them to do things like organize food banks, volunteer at health clinic fun runs and serve firehouse pancake breakfasts.
