Trevor Hunnicutt looks at a lot of charts and reports on fund flows as a reporter covering asset management for financial advisers. But he’s not all fun and games. From time to time you might also find the seafood aficionado shucking oysters on the waterfront in Brooklyn.
Regulator clamps down on overseas firm that had bilked $300,000 from 15 U.S. investors
Registered investment advisory firms were the biggest acquirers among wealth management practices last year, displacing an increasingly selective set of roll-up firms, according to data released Tuesday.
Outgoing regional director Ron Sallet had talks with Dynasty, sources say.
Strong profits from asset fees and potential regulatory changes are keeping most wirehouse reps in their seats, as the firms have mostly maintained their adviser forces since the third quarter of 2011.(Plus: Wall Street's pay gloom)
Morgan Stanley suffered $8.4B in client asset losses in the third quarter as big advisers split. The wirehouse says attrition is near record lows but some disagree.
The firm has not dipped into its $30 million fundraising; early partners continue to hold on.
More owners working out deals with junior advisers to take over their practices.
Focus hires $250 million team, on the heels of the departure of $550 million team to Raymond James.
First Eagle's Kimball Brooker Jr. says the stock market is fairly to fully priced but has pockets of opportunity. Still, he's got a 20% cash position and is making no excuses for it.
The eight new hires boost the firm's U.S. wealth management presence
