Wirehouse Fees & Commissions: Who’s On Top? — Q2 2014
In the second quarter, Merrill lost its spot as the wirehouse with the top-producing reps.
UBS Profits Up Despite Regulatory Fines: Q2 Earnings
UBS profit beat estimates despite muted client activity and charges resulting from litigation and regulatory matters.
Sontag Joins Board of Focus Financial; Bruton In as Lucia Capital CEO
These growing firms aim to add more advisors — and business — from the wirehouses, as well as from independent firms.
Client Calendars Show Clients How Much You Do for Them
Client service calendars let your clients know that you and your firm are actively taking care of their finances throughout the year.
15 Biggest Political Donors in Financial Industry: 2014
Wall Street banks and financial trade groups have dished out $800 million during the current campaign cycle, Americans for Financial Reform says.
Morgan Stanley to Pay $275M to SEC in Mortgage Case
Morgan Stanley units understated the number of delinquent loans in two mortgage-backed securities, the SEC says.
Merrill’s New Training Could Put Advisors in ‘Sticky’ Situation
The program is intended to help advisors with succession, but it could make it harder for advisors and clients to leave, Mark Elzweig says.
Raymond James Recruits 3 Wirehouse Teams, $875M in Client Assets
Meanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
Morgan Stanley Wealth Earnings Up, but Merrill Stays Ahead in Q2
Despite Gorman’s push, the Morgan unit still has room for improvement on some fronts compared to its main rival, Merrill.
Morgan Stanley Beats Estimates on Smaller Drop in Fixed Income: Q2 Earnings
Morgan Stanley saw a smaller drop in second-quarter fixed income trading revenue than Citigroup or JPMorgan.