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Articles tagged "Broker Protocol"


Lori Van Dusen: You can't say that the client is first and then look for ways to double-dip.

Focus Financial firms play a lively game of ping-pong with the Broker Protocol
Focus and its biggest RIA, Buckingham, exited the Protocol this summer while Lori Van Dusen signed on, but there's no change in its strategy to go after breakaway brokers, co-founder says

Monday 9.10.12
Thomas B. Lewis: A new protocol might exclude non-wirehouses.

Broker Protocol signings regain momentum amid new signs that the wirehouses could shut the breakaway portal
Uneasiness over garden leave at BoA; is it s harbinger of a crackdown or an isolated event?

Tuesday 4.5.11
The number of companies joining the Broker Protocol dropped by nearly a third in 2010 compared with 2009.

Fewer companies join Protocol as downsides emerge
Recruitment not a one-way street; a longer list means poaching within the RIA world becomes more likely

Monday 1.31.11
Bank of America is trying to stop a giant private banker from waltzing away with $5.9 billion.

Bank of America throws a legal wrench at big wealth management start-up
U.S. Trust breakaway team headed by Mike Brown says it followed Protocol as it seeks quick transfer of $5.9 billion of assets

Friday 12.10.10
Another new Protocol member: Tony Fiorillo aims to close an acquisition that will quadruple the size of his firm in the first quarter.

Two IBDs aiming to add a combined 300-400 advisors in next several years join Broker Protocol
Geographic expansion on tap for one; the other now looks to wirehouses for recruiting

Tuesday 12.7.10
Marc Thomas: The former Schwab investment consultant joined the Protocol to lay the groundwork for recruiting to his startup RIA.

Broker Protocol growth slowing; is the list reaching critical mass?
Fewer wirehouse brokers are fleeing for their own firms, but recruitment-minded RIAs are still joining the list

Friday 9.24.10
Joining the Broker Protocol is free, which shows that summer weather can slow any kind of business activity

The steady Broker Protocol drumbeat slows a bit in July
KC Asset Management Inc., O'Dell Jarvis Mandell LLC, Scenic Wealth Management LLC are among the new to the list

Tuesday 7.20.10
Broker Protocol: Any firm can join the protocol by contacting SIFMA.

Leerink Swann, Multi-Financial Securities Corp. and Maine Asset Management all join the Protocol for Broker Recruiting
The joining rate held steady as 29 more companies jumped on board

Friday 7.2.10
Matthew Cooper: Wirehouse reps are more entrepreneurial by nature than bank reps.

Breakaways continue apace: new additions to the Broker Protocol
Nine new firms joined in two weeks

Wednesday 5.19.10
Matthew J. Schafer: It’s just playground rules at a time [when] duress or stress might be high.

SIFMA will take over administration of Broker Protocol list
Wachtell, Lipton, Rosen & Katz gives up reins of legal truce after list of participants balloons to 471 firms

Thursday 5.6.10
Jeff Maurer: U.S. Trust was our launching pad, but our business plan does not rely on shopping at U.S. Trust.

Evercore is looking to its future after lifting out a huge team of U.S. Trust financial advisors
Former U.S. Trust CEO Jeff Maurer has brought his old magic to the new RIA

Thursday 4.8.10
Stan Hall: His firm joined the Protocol to open the door to high-producing brokers.

Which firms are joining the Broker Protocol, and how your firm gets on the list
Signing up is simple and firms can market their eagerness to recruit talent

Thursday 3.11.10
Matt Mathias: Every time there's a merger, clients are disrupted.

Consolidation pushes a veteran of Wachovia, U.S. Trust, National City into the RIA space
Trendspotters see increase in bank breakaways as wealth management divisions consolidate

Tuesday 2.16.10
One predator willing to feast on wirehouse talent that has yet to sign the broker protocol

Broker protocol list grows again and RIABiz is keeping a running count
Firms poise themselves legally to pounce on wirehouse talent

Wednesday 2.10.10
Patrick J. Burns: I'm not sure the SEC or FINRA has the stomach for a return to the days of heavy litigation.

Broker protocol may be endangered by complexities as membership starts to explode
Merrill Lynch, LPL and Ameriprise create addendums to once-sacred truce; they may spark an unfavorable trend

Friday 1.29.10
Thomas B. Lewis: “There are RIA firms joining that are trying to recruit large producers.”

RIAs drive explosive growth of the Broker Protocol; signatories triple
The wirehouse legal truce is now a poaching tool for advisory roll-ups; Merrill Lynch applauds its wide use

Tuesday 11.17.09

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