UBS Holds Line on 2023 Advisor Compensation: Memo
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.
Transition Announcement: $1B Father and Son Team Leave UBS for Independence
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.
How a $1B father-son team in Arkansas left UBS for full 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.
Father-Son Team Leaves UBS to Start Independent Practice With TruClarity
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.
Ten years after nixing Nestwise, LPL Financial prepares launch of new B2C venture headed by a former executive whose staff advises $40-billion
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.
Merrill Piles Products into Dual-Contract Program, Touts Customization
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.
New RIA acquirer Choreo makes first deal to buy $1.8B practice
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.
Raymond James Picks Up $2.9B Baird Team
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.
Community Generosity Pays Off In Advisor Recruitment, Retention
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.
MEGA-Move Alert: $2.8B Baird Team Leaves for Raymond James
The rare move by The Wise Investor Group from Baird is one of the largest hires at Raymond James, according to news announcements.
