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A new pay model: 300 advisers move, and the entire industry feels the shift

As some wirehouses hire more salaried advisers, speculation mounts that the traditional way of compensating brokers is being threatened.


Salary model exploited by rivals

235 individual advisers or teams with $61.5 billion in assets left a wirehouse in 2018 to work at another type of firm, InvestmentNews data show.


Wells Fargo Advisors looks to cut red tape for advisers in reorganization

Firm cuts its regions by one-third with hopes of reducing bureaucracy.


Choppy stock market leads to fewer wirehouse reps fleeing the coop

First-quarter breakaway broker numbers drop by 36%.


UBS loses 166 advisers in its Americas unit over the past year

The company called it a challenging first quarter, with pretax profits for wealth management Americas declining 6%.


UBS says wealthy clients add $22 billion in Q1

The firm's better-than-expected inflows in the first quarter marked a rebound from fourth-quarter outflows.


Morgan Stanley shakes up wealth unit

Shelley O'Connor will now head the firm's bank units, while Andy Saperstein will be sole leader of wealth management.


Wells Fargo annual meeting ‘less relevant’ amid bank’s CEO search

The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.


IBD report: Another impressive year

Despite a stock market decline, revenue is up. And the streak isn't expected to end anytime soon.


Variable annuity sales up big among independent broker-dealers

Interest-rate environment, growth of buffered annuities and loss of the DOL fiduciary rule helped grow sales by $3.7 billion last year.


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