As the calendar turns the page to another year, 2013 offers the four largest U.S. wealth management businesses the opportunity to recapture some of the assets and talent they have been ceding to other business models including regional, RIA and independent firms.
But those wirehouse firmsincluding Merrill Lynch, Morgan Stanley, UBS and Wells Fargoneed to pay close attention to two areas in order to accomplish that: profitability and financial advisor compensation.
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