Advisor Business
UBS Again Denies Rumors Of Wells Fargo Takeover, Advisors Fear "Social Demotion"
For some reason, the industry buzz keeps trying to put UBS and Wells Fargo together. But everyone from the boss on down keep denying the thought of merging with a bank with less "cachet."
FINRA Disciplinary Database Suffers A Glitch
Easy come, easy go. FINRA's publicly accessible database of disciplinary actions went live on Monday, but has currently been pulled back down for retooling.
What A Sale Of H.D. Vest Says About The Accounting Channel
Rumors out there that Wells Fargo is shopping around H.D. Vest to potential buyers. We don't talk much about accounting-based advisors, but this news reveals a few things about their world.
Retention Bonuses Are Weakening As The Wall Street Crisis Fades Into History
The wirehouses distributed billions of dollars to advisors in order to keep them from fleeing during the upheavals of 2008-9, but now the clock is ticking down on many of those retention incentives.
SEC Keeps Tinkering With Raising The Performance Fee Threshold
Advisors who charge a hedge-fund-like fee for performance are going to need more hedge-fund-like clients soon starting in July. But the SEC still wants comments on the rule change.
