Broker-Dealers
New Schwab Assets Are Up, But Real Growth Hit A Wall In July
Charles Schwab took in $9.9 billion last month, but the new client flows failed to boost its overall AUM appreciably.
Baird Picks Up Schwab Advisory Team In Denver
In a somewhat unorthodox recruiting move, Baird has hired a two-advisor team from Charles Schwab's private client unit to beef up its Denver operation.
UBS Recruiting Aggressively From The Old Smith Barney While Big Advisory Shops Jump From Securities America
It's clear now that UBS is actively combing the old Smith Barney side of Morgan Stanley for disgruntled reps. And big payers keep trickling out of Securities America ahead of that firm's sale.
Broker-Dealer Wounded By Private Placements Winds Down, But Not Before Finding 100 Advisors A New Home
Another of the brokerage firms that sold plenty of the products that almost ended Securities America has folded, but this time management found a place for its reps to go.
Wells Fargo Sheds A.G. Edwards Executives While Reps Flee To Successor Start-Up
The timing here is evocative to say the least: Wells Fargo has jettisoned at least three longtime A.G. Edwards managers right at the moment when heir apparent Ben Edwards started aggressively recruiting.
