Three top brokerages have raised the stakes for managing the finances of the wealthiest clients, tweaking pay packages for advisers to spur them to lock their sights on the most prestigious accounts.In compensation plans announced internally last week, Morgan Stanley Wealth Management, Merrill Lynch Wealth Management and UBS Wealth Management Americas took a variety of steps to encourage their 40,000 advisers to emulate the industry’s top revenue producers, who cultivate a select set of wealthy clients.

via 3 wirehouses raise stakes to court rich.