About Face, Cresset Bolts Broker Protocol (after rejoining it months ago)

In a surprising move, Cresset has filed to withdraw from the Protocol for Broker Recruiting, marking its departure on the first day of 2024. This development comes merely eight months after Cresset rejoined the protocol and almost four years since the firm initially withdrew in February 2020. The Protocol for Broker Recruiting, established in 2004, […]

Ted Lasso, BDs, and BBQ Sauce

Ted Lasso BBQ Sauce

Millions of people have watched the powerful scene from the TV show Ted Lasso where Ted humiliates his arch nemesis Rupert in a game of darts (Go ahead and watch it now). At the risk of spoiling the scene, Ted delivers a powerful message via a quote misattributed to Walt Whitman, challenging his rival to, […]

Time Management Tips For Financial Advisors

Time Management Tips For Successful Advisors

As a financial advisor, effective time management is essential for maximizing productivity and achieving your business goals. Here are some time management strategies that can help you be more productive and efficient: Prioritize tasks: Identify the most important tasks you need to accomplish each day and prioritize them based on their level of importance and […]

UBS Telegraphs Recruiting Deal Adjustments

Too busy to read?  Listen to this article as a podcast now UBS is set to overhaul a key aspect of its recruiting deals in the coming year, signaling a shift away from a feature that guaranteed experienced brokers deferred bonuses, irrespective of their revenue growth.  According to insights from industry headhunters, UBS managers have communicated that […]

Merrill and Morgan Make Executive Adjustments

The landscape of wirehouse field leaders felt a shockwave as both Merrill Lynch and Morgan Stanley implemented significant changes in their divisional structures last week. Merrill Lynch, in a sweeping move effective January 1, announced the consolidation of its seven sales divisions into six. The internal memo detailing this shift was circulated by Merrill Co-Heads […]

Wells Fargo Boosts Pay For Larger Advisors; Releases 2024 Grid

In a move to further enhance broker-friendly modifications and foster a positive environment for financial advisors, Wells Fargo Advisors executives unveiled their 2024 compensation plan on Tuesday afternoon. Emphasizing continuity and consistency, the plan seeks to build on the successes of the past three years, resulting in improved retention rates and robust recruiting efforts. Effective […]

Steward Partners New Strategy Grabs First Acquisition Of Scale

Steward Partners Global Advisory is set to acquire Freedom Street Partners, marking its first traditional M&A deal. Freedom Street Partners, based in Chesapeake, Virginia, manages $3.2 billion in client assets and employs 38 advisors who collectively generate approximately $26 million in annual revenue. These advisors, who previously operated under Raymond James Financial, will transition to […]

LPL Goes Upmarket – Private Wealth Division With increased Payouts

LPL Financial is making strategic moves in the wealth management arena by introducing a new advisor affiliation option called LPL Private Wealth Management. This initiative is designed to appeal to financial advisors who generate a substantial minimum revenue of $2 million and cater to high-net-worth clients. In a competitive landscape, LPL is following the trend […]

Dynasty Sets Lofty Growth Goal

Dynasty Financial Partners, the thriving support platform for independent registered investment advisors (RIAs), is making substantial strides towards its ambitious goal of reaching $100 billion in assets by July 2024, according to founder and CEO Shirl Penney. Currently overseeing around $80 billion in assets spread across more than 50 partner firms, Dynasty’s journey towards this […]