Broker-Dealers
UBS Staffs Up, But AUM Shrinks Anyway; Still Not For Sale
UBS found itself in the awkward position of recruiting more advisors in the United States last quarter but watching its overall client accounts shrink anyway.
Commonwealth, Cambridge Capture Securities America Advisors Generating $24 Million A Year
The long months of waiting for a buyer have started to cut into Securities America's brokerage network as reps jump ship and are not replaced in large numbers.
$500 Million Brothers Jump From Morgan Stanley -- Or Rather, From The Old Smith Barney
Yet another big advisor team has fled the Smith Barney side of Morgan Stanley, this time heading for Raymond James.
Rich Compensation Packages Keep Morgan Stanley Profit Margins In Check
Even though Morgan Stanley has been culling less "profitable" advisors from its fold, the fact that it is having to pay those left behind more to stay has actually dented its profitability.
Earnings Season: Morgan Stanley Squeezes More Revenue Out Of Its Client Assets While Raymond James Settles For Added AUM
Raymond James and Morgan Stanley both managed to expand their businesses in an otherwise tough second quarter, but the internal numbers show two very different strategies at work.
More Articles ...
- From Merrill Lynch To TD Ameritrade, Broker Performance Hit A Wall Last Quarter
- Morgan Stanley Is Not Planning Thousands Of Layoffs, But They've Considered The Concept
- Merrill Lynch Reportedly Flirting With Bonus Pay For Running Fewer, Bigger Accounts -- But The Bugs Might Not Be Worked Out Yet
- FINRA Forces Wedbush To Pay Trader $3.5 Million In Back Commissions
