Janice Kirkel

Great article.  One note, all the deals signed in '08 (1,000 hires that year at UBS) were 9 years. They are coming up as we speak. We have entered the biggest recruiting period since the chaos of the housing crisis. The RIA space is going to be flooded with breakaways. Absolutely flooded

A refreshing thought, how about firms recruiting on the basis of the quality of its support of expert advisory services rather than the size of the recruiting bonus. Wells Fargo could be blind sided by a short interlude of recruiting gains yet suffer from inattention to the competitive market standing of its brokers. You are who you say you are and Wells Fargo is saying transactions, not the client's best interests, is the driver of their business. SCW

How Wells Fargo is using 'counter-punch' to get unheard-of upper hand in the poaching wars with Morgan, Merrill and UBS

Wells Fargo

Willis Consulting

Michael King

Bill Willis

<p>There are about $5 trillion of assets parked in traditional stock brokerage firms, but they're not likely to stay there. Every month, clients move some of their money to independent firms with fewer conflicts of interest. Brokers who want more control are moving their books of business, too.</p>
<p>In these Breakaway Stories, you'll find instructive, encouraging and sometimes funny stories about these breakaway brokers and their clients. The information in the stories is accurate as of the date of publication. We hope these tales are useful for breakaway prospects and for people interested in luring wirehouse talent to their firms.</p>

Breakaway Stories

The DOL rule, abject opportunism and a little luck give the non-wirehouse wirehouse a window to reverse decades of getting bludgeoned by big checks

How Wells Fargo is using 'counter-punch' to get unheard-of upper hand in the poaching wars with Morgan, Merrill and UBS

Jeff Bischoff

Stephen Winks

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How Wells Fargo is using 'counter-punch' to get unheard-of upper hand in the poaching wars with Morgan, Merrill and UBS

Jeff Bischoff

Stephen Winks

Related Moves

January 11, 2025 at 3:01 AM

October 1, 2019 at 1:06 AM

RIABiz Directory

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