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.
How a Veteran Advisor Went Indie and Boosted His Assets 20%
By Emily ZulzLongtime wirehouse advisor Tim Davis tells ThinkAdvisor what he thinks is the key to a successful transition to independence.
August 10, 2018
Wirehouse Headline Woes Are Fueling the Independent MovementThe branding advantage wirehouse advisors once enjoyed has eroded due to a decade of scandals.
August 09, 2018
Ex-Morgan Stanley Lawyer Alleges Retaliation After Raising Corruption ConcernsThe case, previously unreported, already is teeing up novel legal issues.
August 08, 2018
Merrill vs. Morgan Stanley: Q2 ResultsHere's how the two biggest Wall Street firms are doing in terms of advisor headcount, production, assets and more.
August 07, 2018
Culture, Not Regulation, Is the Key to Clients' Best InterestThe path forward for the industry must blend a legal best-interest standard with a culture that empowers investors.
August 06, 2018
Merrill Advisors Drop Reuters for FactSet Market DataThe nearly 15,000 advisors, who have average yearly fees & commissions of about $1 million, will make the switch in the fourth quarter.
August 04, 2018
Wells Fargo Discloses Tax-Credit Probe, Accidental ForeclosuresLender says U.S. agencies are examining purchases of credits; separate review finds miscalculation led to 400 foreclosures.
August 02, 2018
Wirehouses Are 'Doing Just Fine': United Capital's BrinkerDespite projections that wirehouses are losing market share, the United Capital exec thinks they have the potential to be "formidable."