Mark Elzweig

• Broker Exits Spur Recruiting Shift

  By Janet Levaux, AdvisorOne  |  April 25, 2012

  The movement of financial advisors out of the wirehouses has continued in early 2012, experts say, and should put Merrill Lynch and Morgan Stanley on notice.

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  BofA to Sell Merrill’s Foreign Wealth Units, Report Says

  By Janet Levaux, AdvisorOne  |  April 18, 2012

  BofA is trying to raise $3 billion through the overseas sale, according to Reuters, but that could lead to some flight among U.S. advisors.

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  Wells Fargo’s Burgeoning FiNet ‘Well Positioned’ to Draw Breakaways

  By Janet Levaux, AdvisorOne  |  April 17, 2012

  "Providing quality advisors with the choice and flexibility they want and need to be as successful as possible is central to our mission," Wells Fargo Advisors Financial Network President John Peluso said.

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  Morgan Stanley Fortifies Clawback Rules for Deferred Pay

  By Janet Levaux, AdvisorOne  |  April 6, 2012

  CEO James Gorman’s 2011 pay package cut by 25%, SEC filings show.

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  Morgan Stanley Grabs UBS Team; Loses Reps to Merrill, Others

  By Janet Levaux, AdvisorOne  |  March 30, 2012

  Threat of credit downgrade shouldn’t hurt its recruiting power, experts say

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  UBS Streamlines McCann’s Leadership Team

  By Janet Levaux, AdvisorOne  |  March 26, 2012

  UBS Americas trimmed a layer of management under CEO Robert McCann and increased the duties of some of wealth-management leaders, according to a memo released by McCann on Friday.

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  Wall St. Bonuses Taking 14% Beatdown, Could’ve Been Much Worse

  By Janet Levaux, AdvisorOne  |  March 26, 2012

  Workers at Wall Street firms should expect their cash bonuses to fall by 14% this year, after dropping 13% last year, according to an estimate released in March by New York Comptroller Thomas DiNapoli.

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  Morgan Stanley Grabs Two Reps From Merrill, Credit Suisse

  By Janet Levaux, AdvisorOne  |  March 23, 2012

  Morgan Stanley has continued to hire advisors despite broker defections, an executive-search consultant says.

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  Wall St. Bonuses Taking 14% Beatdown, Could’ve Been Much Worse

  By Janet Levaux, AdvisorOne  |  March 1, 2012

  But these declines, reported by the New York Comptroller, are much smaller than the fall in profits, experts say.

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  Wirehouses Seen Making Big Push Into Independent BD Space

  By Gil Weinreich, AdvisorOne  |  January 19, 2012

  An industry analyst predicts that several of the wirehouse brokerage firms will soon be entering the independent broker-dealer market—a bold forecast given the wirehouses’ longtime stance against the practice.