Financial advisers

Nov

2016

Pair Leaves UBS Financial Services to Join Raymond James

From the Desk of Jim Eccleston at Eccleston Law LLC:

On October 25, 2016, advisors Harold MacFarland and Tadd Hicks left UBS to join Raymond James in St. Louis, Missouri. The team has $220 million in assets under management.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Nov

2014

New Transition Compliance Package for Financial Advisers

Eccleston Law Offices is excited to announce our NEW fixed fee Transition Compliance Package for Financial Advisers!

For one fixed fee, Chicago-based Eccleston Law Offices will offer reps several services – including planning in advance to successful transition, being on call for any difficulties that may arise, determining rights and responsibilities – whether the adviser is governed by the protocol for broker recruiting or not.

Aug

2014

Merrill Lynch Advisors Rumored to Leave the Firm in Large Numbers

From the Desk of Jim Eccleston at Eccleston Law Offices:

Merrill Lynch still is struggling with the issue of retaining advisors. In 2007, Merrill Lynch had a total of 16,740 financial advisors. However, today it has a total of 13,276. That equates to a loss of nearly 30% since 2007.

Merrill Lynch advisors prefer to transition to two specific platforms: wire-house rivals and the growing RIA/hybrid models. UBS, HighTower, Steward Partners, Wells Fargo and Raymond James have benefited the most from the Merrill issues.

The expiration of retention bonuses has undoubtedly freed many Merrill Lynch advisors. That said the new firms will present forgivable loans and employment agreements that should be reviewed by competent legal counsel, so that the advisors aren’t “jumping from the frying pan into the fire.”

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.