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In the News

Aug 22, 2018

Too Many Cooks Spoil the Broth

Yesterday’s Business & Finance section of The Wall Street Journal (pp. B1, B2) featured an article covering workplace inefficiencies that result when employees are required to report to “too many bosses.” The article notes that “more than two-thirds of employees polled around the world say they have to consult with more than one boss to get their job done…”. » Read More

Jun 25, 2018

In the News: Wells Fargo Advisors to Tell Customers They can Keep Data Away from Brokers

I was recently interviewed by AdvisorHub, a popular wealth management news source, to discuss the news that as of today, Wells Fargo Advisors will start telling customers of its private client group, that they can prevent their brokers from taking their contact information with them should the advisor leave the firm. » Read More

Feb 27, 2018

Back to the Future: 2018 and the Protocol for Broker Recruiting

I had the honor of writing a guest column this week for the Mark Elzweig Company newsletter. Mark is an executive recruiter who specializes in placing financial advisors at wirehouse, regional, independent, and RIA firms. In the column, “Back to the Future: 2018 and the Protocol for Broker Recruiting,” I  outline key points of focus in the movement of financial advisors from firm-to-firm under the new Protocol landscape. » Read More

Feb 21, 2018

In The News: Fleeing Morgan Stanley Brokers Improperly Solicit Clients

It was reported in today’s Advisor Hub that several brokers allegedly used a Morgan Stanley dinner seminar to solicit clients and prospects the night before they moved to Raymond James. This is quintessential pre-solicitation and, if true, would fall squarely within a violation of almost any reasonably drafted non-solicitation clause, regardless of the employer. » Read More

Nov 29, 2017

In The News: UBS Exits Protocol for Broker Recruiting

Yet another departure:  UBS Wealth Management Americas has followed in Morgan Stanley’s footsteps and announced its exit from the Protocol for Broker Recruiting on Monday, effective this Friday, December 1. However, prior to this announcement, UBS was ready to onboard at least two Merrill Lynch brokers still protected by the pact. » Read More

Nov 17, 2017

In The News: Headhunter Offers to Pay Morgan Stanley Brokers’ Legal Fees

I was recently interviewed by AdvisorHub, a popular wealth management news source, to once again discuss the effects of Morgan Stanley’s exit from the Protocol for Broker Recruiting. A Colorado-based search firm, Advisorbox, recently unveiled a promotion aimed at Morgan Stanley brokers with at least $500,000 of production. » Read More

Nov 09, 2017

In The News: 7 Ways Morgan Stanley’s Protocol Exit Will Backfire

You may recall, I posted about Morgan Stanley withdrawing from the Protocol for Broker Recruiting last week. I recently had the pleasure of being interviewed about this news by Mark Elzweig of OnWallStreet, an information resource for financial advisors. Read his article “7 ways Morgan Stanley’s protocol exit will backfire” here to learn more and see what else I have to say about the shocking news! » Read More

Nov 08, 2017

The New Meeting Trend

In “New Meeting Rules: Five Minutes, Max” featured in today’s The Wall Street Journal (page A11), Sue Shellenbarger describes a new trend in meetings — short, short, short, limiting participants to speaking no more than 5 to 15 minutes. While efficiency can certainly be maximized by keeping the long-winded employee in check, if good ideas are presented at these abbreviated sessions, hopefully the deliberative process will not be forfeited to restricted time blocks. » Read More

Oct 30, 2017

Morgan Stanley Withdrawing from the Protocol for Broker Recruiting

The breaking news that Morgan Stanley will be withdrawing as a signatory to the Protocol for Broker Recruiting may signal the beginning of the end for the Protocol– at least as it relates to the wire house firms. Will other firms follow suit and start to depart? » Read More

May 17, 2017

IN THE NEWS: New Case Shows You Have To Check Your LinkedIn Contacts After Leaving a Job

I was recently interviewed by Ladders, a media publication covering workforce issues, regarding yet another case involving social media and employment.

The article discusses how a former employee of a global recruiting and staffing company was forced to remove thousands of her LinkedIn contacts because the company claimed the relationships didn’t belong to her, but the company. » Read More

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