Updated Friday, September 19, 2014 as of 5:57 PM ET
Comp Plans: How to Win & Retain Top Talent
As competition for talent increases, the best way for RIA firms to hold onto top-tier employees is to make it worth their while. Schwab's 2014 RIA Benchmarking Study highlights three major steps toward building a good compensation plan.
More in Recruiting
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors. more »
Morgan Stanley hired a team with $4.5 billion in AUM – the second multi-billion-dollar team plucked from Merrill Lynch this month. more »
Washington Wealth crests $1 billion in AUM by adding Martucci Adams Wealth Advisors of Salt Lake City. more »
Wealth management firms look to grow the bottom line out West. "Everybody is trying to get bigger in the marketplace. And those who aren't present here want to enhance their presence," says Bill Willis, a Los Angeles-based recruiter. more »
Morgan Stanley grabbed an advisor team managing $1.1 billion in assets. But the wirehouse isn't the only firm recruiting top talent. See these and all the latest hires, moves and promotions among wirehouse advisors. more »
Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel. more »
Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor. more »
A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management. more »
Wirehouse advisors managing more than $1.1 billion in assets have moved over to Wells Fargo. more »
John Taft, head of RBC wealth management in the U.S., weighs in on extending fiduciary responsibility to broker-dealers, saying any extension must account for the distinct business practices of the sector. more »
In a two-week period, Ameriprise has recruited five advisors managing more than $600 million. more »
Deutsche Asset & Wealth Management recruited a private banker and managing director from J.P. Morgan to open a new office in Dallas. more »
Baird picked up a branch manager from Wells Fargo and a regional advisor managing about $150 million in assets. more »
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