Discover your dream Career
For Recruiters

Regional Wealth Managers Coming Back Strong

The wealth management business is looking pretty good for regional firms, balancing losses many have suffered in real estate portfolio or a falloff in other areas in the wake of the recession.

Firms like Wintrust Financial and PrivateBancorp - both based in the Chicago area - posted double-digit increases in earnings during the first quarter, in part because of growing wealth management activities, says InvestmentNews.

Do they need more financial advisors? You'd think so. But The Wall Street Journal reports a flurry of acquisitions among regionals has potential FAs nervous.

Armies of brokers, worried about the effects of mergers on them, are no longer easy targets for regional firms, FBR analyst Steve Stelmach said. But as Wall Street brokerages continue to raise their production thresholds, brokers who fall short may look to regional broker-dealers.

AUTHORMark Feffer Insider Comment

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Selby Jennings
C++ Quant Modeler - $20BN AUM Hedge Fund - NYC
Selby Jennings
New York, United States
Equities Data Analyst
Princeton, United States
Ameriprise Financial, Inc.
Customer Service Professional Trainee
Ameriprise Financial, Inc.
Minneapolis, United States
Ameriprise Financial, Inc.
Client Service Specialist
Ameriprise Financial, Inc.
Columbia, United States
Selby Jennings
Senior Software Engineer - FICT Risk
Selby Jennings
Miami, United States