AdvisorHUB is the Most Important Site in Finance

"It's not a happy holiday season at Morgan Stanley. I haven't seen the mood so dour since 2008. Almost all of the folks in the branches have been handed pay cuts following a year of record profitability for the firm. Advisors are being charged overhead staff costs and are seeing more of their compensation deferred for 8 years. The typical $1 million advisor is taking a cash pay cut of about $25,000."

 

Wealth management is now the most important business line on Wall Street – the principal area of steady profits and profit growth. All of the big firms have beefed up their in-house retail brokerage, investment advisory and asset management businesses in recent years and these areas are frequently the headline item in earnings releases when the banks report.

And there is one site covering the wealth management ops of the big banks like no other – it’s called AdvisorHUB and it’s become a must-read throughout the industry – although few of the readers will come out and admit it.

Founded and run by Andrew Parish, AdvisorHUB is on every financial advisor’s lips these days as it prints compensation grids, insider rumors and all manner of conjecture regarding the state of the industry. Anonymous tips pour in through the site and are often printed in an unedited, unvarnished fashion for the entire industry to see.

Parish found himself in the middle of a bit of controversy recently as Reuters printed a story about whether or not he had attempted to cooperate with the firms he covers in some way, although AdvisorHUB denied it with a press release. The fact that Wall Street’s largest brokerage firms are paying attention means he’s certainly gotten under someone’s skin. Brooke Southall at RIA Biz said “It is no exaggeration to say that Andrew Parish and his crew at AdvisorHUB play the jagged edge of reporting rumors. It is sort of extreme advisor blogging. Whether it is a good way to go and ‘advisor-centric’ is open to question.”

AdvisorHUB is to the wealth management world what Dealbreaker was during the financial crisis for the investment banks and traders: Ground Zero. Advisors I talk to are becoming obsessed with the latest scuttlebutt posted to the (rumors) or The Daily page. Breakaways and RIA advisors are enjoying the site as a bit of schadenfreude and a reminder of why they left the wirehouses to begin with. Wirehouse guys are reading it to keep up with the latest in compensation and recruitment deals as well as to revel in some of the epic venting from their colleagues.

If you’re not up on this site, now you know.

AdvisorHUB 

Read Also:

After hard-hitting Reuters article about AdvisorHUB, the online publication responds, like a sphinx (RIA Biz)

What's been said:

Discussions found on the web
  1. land for sale in nigeria commented on Sep 21

    land for sale in nigeria

    […]we prefer to honor quite a few other world wide web websites around the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  2. خرید vpn پرسرعت commented on Sep 22

    vpn ایفون

    Every after in a even though we opt for blogs that we read. Listed under are the most current internet sites that we decide for

  3. وی پی ان پر سرعت commented on Sep 22

    vpn ایفون

    Hi there! This is type of off subject but I need to have some tips from an recognized website. Is it extremely challenging to established up your own website? I’m not really techincal but I can determine issues out rather quick. I’m considering about l…

  4. Zeitarbeitsfirma Pflege Ahrensburg commented on Sep 15

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  5. 배트맨토토 commented on Oct 06

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  6. CBDRevo commented on Oct 15

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  7. 사설토토 commented on Oct 18

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  8. order cannabis online commented on Nov 15

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  9. last minute hotel booking commented on Nov 22

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  10. www.bestroofguy commented on Dec 06

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  11. influencer marketing strategy commented on Dec 12

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  12. Microsoft Azure devops commented on Dec 16

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  13. Regression Testing commented on Dec 20

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  14. replica watch commented on Dec 21

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]

  15. Login Area commented on Jan 30

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2015/01/07/advisorhub-is-the-most-important-site-in-finance/ […]