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.
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.
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.
Jason Diamond Quoted – By Victoria Zhuang – With more career options than ever before, financial advisors have been job-hopping at a furious pace this year.
Mindy Diamond Quoted – By Alex Padalka, Financial Advisor IQ – Wirehouses Losing Advisors While Indies Add Them: Report
Jason Diamond Quoted – By Victoria Zhuang – Morgan Stanley plans to tease more wealth management clients out of its retirement and self-directed accounts by piecing together what the firm calls the “financial DNA” of each customer.
Louis Diamond Quoted – By Cheryl Winokur Munk, Barron’s – For wirehouse advisors considering a leap to the independent channel, getting the process right can mean the difference between a smooth landing and a face-flop.
