Barclays Wealth has hired Richard Comeau to join its New York office. Comeau, who has 20 years of industry experience, was most recently at Goldman Sachs.
You’re glad 2008, the year from hell, is over. But will 2009 be any better?
“We’re still running into mergers and acquisitions that look like they [were] put together on a napkin over the weekend.” — Mickey Wasserman
Do you expect to see much movement among advisors over the next 12 months?
This year, most of them call Morgan Stanley the darling of the Street. They predict that brokers will rebel against mergers. They wonder when management will wake up to the potential of female brokers. And they say the money for advisors to jump has never been greater. These are just some opinions from the industry’s top external recruiters that were voiced at On Wall Street’s eighth annual forum in New York. These 12 panelists, who came from as far away as California and Florida, all have ears inside the major firms. Here’s what they are saying–both good and bad–about the business.
Only one Wall Street firm is offering a guaranteed recruiting-bonus package totaling 200% of advisers’ trailing-12-month revenues. That firm, UBS Financial Services, set the record in March when it upgraded its best bonus following a branch managers’ conference, industry recruiters say.