Slideshow Preview: The 2011 On Wall Street Recruiters' Roundtable

Published
  • December 17 2010, 12:00am EST
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Preview: The 2011 On Wall Street Recruiters' Roundtable

"Firms have misunderstood for years the morale factor of their brokers. The morale of the broker is largely dependent on his branch manager." - Peterson


Preview: The 2011 On Wall Street Recruiters' Roundtable

Rick Peterson, Rick Peterson & Associates

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Preview: The 2011 On Wall Street Recruiters' Roundtable

"If Merrill Lynch fell into the ocean it would probably take BofA's board of directors three months to figure it out. They wouldn't miss them." - Rosen


Preview: The 2011 On Wall Street Recruiters' Roundtable

Steve Rosen, Rainmaker Associates


Preview: The 2011 On Wall Street Recruiters' Roundtable

"One of the questions for 2011 is: 'Where will the next generation of brokers come from?' The average age of brokers in our industry right now is about 50. And many are over 60." - Schwarzkopf

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Preview: The 2011 On Wall Street Recruiters' Roundtable

Rich Schwarzkopf, Schwarzkopf Recruiting Services


Preview: The 2011 On Wall Street Recruiters' Roundtable

"The way deals are structured now, it's as broker-friendly as it may ever be. So if advisors have thoughts about moving, perhaps do it sooner rather than later." - Diamond


Preview: The 2011 On Wall Street Recruiters' Roundtable

Mindy Diamond, Diamond Consultants

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Preview: The 2011 On Wall Street Recruiters' Roundtable

"At the end of the day, the broker needs to build trust. And over the past couple of years, trust has been shot." - Wasserman


Preview: The 2011 On Wall Street Recruiters' Roundtable

Mickey Wasserman, Michael Wasserman & Associates


Preview: The 2011 On Wall Street Recruiters' Roundtable

"Recruitment will improve, assuming that the deals stay at their current level. Schapiro is the hidden issue here." - King

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Preview: The 2011 On Wall Street Recruiters' Roundtable

Michael King, Michael King Associates


Preview: The 2011 On Wall Street Recruiters' Roundtable

"I think UBS has done a great job in terms of leadership. Mullholland has resonated tremendously throughout the firm." - Sarch


Preview: The 2011 On Wall Street Recruiters' Roundtable

Danny Sarch, Leitner Sarch Consultants

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Preview: The 2011 On Wall Street Recruiters' Roundtable

"When I ask brokers who are considering Morgan Stanley about what attracts them, they say the name opens doors." - Degenhardt-Burke


Preview: The 2011 On Wall Street Recruiters' Roundtable

Carri Degenhardt-Burke, Degenhardt Consulting


Preview: The 2011 On Wall Street Recruiters' Roundtable

"It's a very difficult time for branch managers. All of us probably have been contacted by branch managers who are out of work and want to get back on track." - Willis

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Preview: The 2011 On Wall Street Recruiters' Roundtable

Bill Willis, Willis Consulting


Preview: The 2011 On Wall Street Recruiters' Roundtable

You probably don't often get a chance to sit down and talk to a roomful of recruiters. Fortunately, we did it for you. We recently spoke with the headhunters above about the job market for financial advisors. We discussed the big stories: The state of recruiting, acquisitions, corporate culture, branch managers, the size of deals in coming years, and more. Check out our January issue for the full story, and enjoy some of the intriguing quotes from our roundtable.