Another Billion-Dollar Team Bolts Ameriprise
The Ameriprise 1099 model remains under pressure as another team with more than $1 billion under management has jumped ship.
$600M Team Leaves Ameriprise 1099 for Wells Fargo FiNet
The move by Gary Plessl and Kevin Houser from Ameriprise Financials’ 1099 platform to Wells Fargo FiNet underscores a growing reality for scaled advisory teams
UBS Comp Changes Shock: ‘Biggest Grid Stretch I’ve Ever Seen’
UBS thinks it’s a good idea to play with fire. That’s the best explanation we can come up with when evaluating the 2020 comp changes that have been leaked. In this sense, playing with fire is a catchy way of saying they feel comfortable going to war with their own advisors. The changes that are…