Wirehouses open doors to advisers who left
Mindy Diamond Quoted – By Mason Braswell, InvestmentNews – It’s homecoming season for some wirehouse advisers. As headcount continues to decline and competition for assets of veteran advisers grows, firms like Bank of America Merrill Lynch are now more comfortable extending bonuses and employment offers to what was once considered an off-limits group: advisers who had left the firm to join a competitor.
