Updated Thursday, May 23, 2013 as of 11:30 AM ET
Top 10 Branch Managers of the Year
This year's top branch managers all have one thing in common: they have found a way to succeed even during the most challenging times. From turning around a failing branch when no one else wanted the keys to creating a new wealth practice from scratch, these leaders have crafted their own success and pushed for the achievements of their advisors. As one leader on this list says, "If I stayed at no, I'd never have gotten to where I am." This year, On Wall Street teamed up again with New York Life/MainStay Investments to create this ranking. Read on to find out more about the leaders selected by our independent panel of judges-Tyler Cloherty, associate director at Cerulli Associates; Stewart Lee, CEO of Lee Training; and Alois Pirker, research director at Aite Group.
Joseph DeFalco
Branch Manager
Ameriprise
San Diego, Calif.
Number of Advisors: 25
Branch AUM: $750 million   more »
More in Practice Management
A run-down of the stories in this issue, identifying the top branch managers in the wealth management industry, and learning what it takes to get to the top. more »
The professor of finance at Santa Clara University, Calif., discusses where investors are today and how financial advisors need to address clients' emotional outlook on the markets. more »
Twenty- and thirty-somethings take investing cues from their parents, and advisors need to reach them by phone or have face-to-face contact, according to a survey. more »
Nervous clients might seek negative information to support their beliefs. Here's how to ease their fears. more »
Managing staff isn't easy. People don't change and you can't change someone either before or after you've hired them. more »
Our legal expert discusses things to consider before making a referral to a nonaffiliated third party. more »
New rules to disclose recruitment compensation may be blooming soon. more »
The acquisition of Morgan Keegan added hundreds to Raymond James' wealth management ranks one year ago. Branch Manager Robert Brewer reveals how he made the transition. more »
The regulator's staff will investigate nondisclosures, misrepresentations, and more. more »
The director of practice management at Genworth Financial offers advisors tips on avoiding common blindspots. more »
Contrary to what many advisors assume, referrals do not automatically create new wealthy clients. more »
While ultra-wealthy individuals tend to put their trust in wealth managers, the bad news is most tend to use multiple advisors. more »
Keep new leads coming in by branding yourself as a transition specialist. more »
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