Industry
Schwab Has A Slow Month, Starts A Corporate Blog
According to most metrics, Charles Schwab ground its gears as self-directed investors paid their taxes last month. On the other hand, the firm is tiptoeing toward a social media presence.
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.
Baird Grabs Yet Another High-Level Smith Barney Defector
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.
Has Merrill Lynch Really Become As "Independent" As Sallie Krawcheck Says?
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.
