Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Private Wealth Group to Be Added to S&P 500
By Janet LevauxFirst Republic Bank, which includes about 150 financial advisors with $131 billion of assets, has been on a recruiting tear.
December 21, 2018
Robertson Stephens Relaunches Wealth Group With Private Equity BackingAmong its new executives is Mike Curley, the former chief compliance officer of First Republic Securities, who oversaw 600-plus registered reps.
December 21, 2018
UBS Agrees to $68M Libor SettlementTo date, states have recovered some $488 million from settlements tied to issues with manipulation of the London Interbank Offered Rate.
December 20, 2018
UBS' Hedge Fund-Like Playbook Aims to Beat Market MayhemSwiss private bank pitches strategies akin to relative value as bearish forces grip assets unevenly
December 20, 2018
Merrill to Pay $6M for Advisors Who Herded IPO Shares to Friends, FamilyAt least 120 financial advisors were involved in prohibited IPO sales tied to Facebook, Twitter and other firms from 2010 to 2018.
December 20, 2018
Stifel, Raymond James Grab Wirehouse Reps: Recruiting RoundupMeanwhile, LPL Financial says Athens Federal Community Bank is now using its hybrid platform.
December 19, 2018
Stifel, Janney Add $960M Reps From Wells FargoA team with $900 million joins Stifel in Minnesota, while Janney picks up an advisor with $60 million in New Jersey.
December 18, 2018
Putnam Investments Launches 'Always Active' CampaignThe campaign is designed to build awareness of the firm's active management capabilities.