Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway
This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market
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Alois Pirker sets up shop in Marblehead by taking a page from the RIAs he advises
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Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge
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UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
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Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners
The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.
September 24, 2019 at 2:02 AM
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Aite Group
Consulting Firm
Top Executive: Frank Rizza
Jeff Spears
It’s always darkest before the dawn. I’m encouraged by a challenging environment. If it was easy then everybody would do it (a few years ago it seemed like everybody WAS doing it). HighTower should be commended for pivoting and adding the two new models even if they look allot like Dynasty and Sanctuary(my firm). Apple wasn’t the first firm to produce an MP3 player.
Brooke Southall
This is a great thought, Jeff, appealing to everyone’s inner contrarian. I hope it is like starting
a business at the bottom of the cycle or taking over a football team with an 0-12 record — creating the mettle that leads to better things.
