UBS PaineWebber Chairman Joseph Grano announced that the firm is
going to hire up to 500 brokers during the next year.
Grano says the firm is taking advantage of the pool of experienced
brokers in the market who were let go by rival firms. He also said the
salary and bonuses used to attract top producers have diminished,
giving the firm additional incentive to hire more brokers.
UBS PaineWebber has about 8,700 brokers. The firm views the state of
the industry as an opportunity to “expand" its business and "gain
market share,'' according to spokesperson David Walker.
In our 18th annual Broker Report Card survey, wirehouse FAs say they are fed up with management ruining their excellent franchises and platforms. Will the great advisor diaspora begin?
Cannons Concepts For Professionals: A Complete Library of Essential Financial Concepts
This reference book was updated for 2008 and now contains over 900 pages of information on essential financial concepts and wealth management strategies for your work with wealthy clients. The book not only contains brief summaries of each topic, but it also contains many useful diagrams and charts that can be used with clients when explaining difficult financial concepts. The information in this book meets current FINRA/NASD guidelines....
