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- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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Wall Street News
Barron's 2017 Top 100 Financial Advisors: Morgan Stanley Leads the Way
Barron's published its 2017 Top 100 Financial Advisors and three notable statistics stand out:
- New York and California dominate the list with 52 of the top 100 advisors;
- Morgan Stanley occupies 9 of the top 12 spots - and 12 of the top 18 - with most advisors associated with the Private Wealth Management unit.
- The top 8 slots remain largely unchanged from 2016.
CRITERIA: According to Barron's, the annual ranking is based on assets under management, revenue generated for the advisors' firms, and the quality of the advisors' practices. The last factor includes type of account - e.g., Client Category (high net worth, ultra hnw, foundations, endowments, institutional), Typcial Account Size, and Typical Net Worth.
Investment performance isn’t an explicit factor because clients have varied goals and risk tolerances. Some want to swing for the fences, while others are extremely conservative, so what they consider good results can be very different. Total AUM are one indicator of investors’ satisfaction, or lack thereof. If a client’s specific aims aren’t being met, the chances of retaining that person - and his or her assets - are slim.
[Click here for Barron's discussion page - subscription may be required]