Advisor Business

Baird Grabs Yet Another High-Level Smith Barney Defector

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Baird continues to recruit aggressively from the Smith Barney side of the Morgan Stanley empire, this time taking on the former head of its wirehouse rival's Great Lakes regional business.

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Has Merrill Lynch Really Become As "Independent" As Sallie Krawcheck Says?

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It says a lot about where the industry is going when the head of Merrill Lynch wants us to think that the king of the wirehouses is just another independent brokerage network.  

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Mary Schapiro Gears Up For 2012 SEC Budget Fight, Clarifies Goals

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The battle over how much money the SEC should get this year just ended, but Chairman Mary Schapiro is already laying out priorities for 2012.

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Advisory M&A Flattened Out Last Year And Last Quarter, But Custodians Say The Lull Was Temporary

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Two separate studies say M&A slowed down last year as well as in the recent quarter, but neither Schwab nor Pershing expect the lag to continue long.  

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UBS Americas Took In $4 Billion In New Money, But Advisor Pay Stalls

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UBS is touting its Wealth Management Americas unit for doing a lot of heavy lifting in turning its results around. But its advisors have yet to reap richer rewards.

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