October 29, 2020
Cetera Exec: 'Our Pool of Candidates Has Expanded'
Transcript Video [ 3:56 ]
John Pierce, head of business development at Cetera Financial Group, says the pandemic has made the industry rethink technology, mental health, productivity and affiliation models, among other things.
Transcript Video [ 3:56 ]
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October 29, 2020
Waddell & Reed’s Wealth Unit Assets Up 10% YoY
The company’s advisor count inched down, although advisor productivity continued improving.
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October 29, 2020
More FAs Are Willing to Work with Clients on Hourly or Annual Fees
Wealth managers are increasingly willing to deviate from the industry-standard asset-based fee to work with a broader range of clients, according to CNBC.
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October 29, 2020
UBS Americas Tweaks Some Managers’ Comp: Raises Fixed Salaries, Cuts Bonuses
After a “competitive market review,” certain salary levels were adjusted to “remain competitive,” according to a source.
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October 29, 2020
Ameriprise Adds 99 Experienced FAs in Q3, Client Assets Up 9% YoY
Nonetheless, the company saw a 19% drop in pretax adjusted operating earnings year-over-year.
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October 29, 2020
RayJay’s Recruiting Back Up, Private Client Group Client AUA Up 11% YoY
But the firm’s pre-tax income during the its fiscal fourth-quarter was 13% lower year-over-year.
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October 28, 2020
Stifel FA Count Up 3.8%, Client Assets Up 4.3% YoY
The company also posted a 1.6% increase year-over-year in brokerage revenue in its wealth management business.
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October 26, 2020
Wells Fargo U-Turns, Restores 401(k) Match
The reversal come less than 42 hours after the bank unveiled the planned 401(k) matching contribution changes to employees.
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October 23, 2020
Wells Fargo to Its High Earners: No More 401(k) Matches Starting January 1
The changes are aimed at “supporting our lower-paid employees” and helping “create greater economic opportunities for all employees,” according to the bank.
Last Comment: October 23, 2020
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October 23, 2020
Wells Fargo to Merge Brokerage and Private Wealth Units, Mulls Asset Mgmt Sale
"By creating one overarching management structure, we will simplify processes, improve how we operate, and deliver even better and faster service for our clients," a spokesperson says.
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