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.
Raymond James Adds $5M Morgan Stanley Team
By Janet LevauxThe four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
February 09, 2017
Wells Fargo Said Likely to Withhold Bonuses for Top ExecsBoard said to near final decision after talks in January; move would reflect banks performance in year hit by scandal.
February 08, 2017
HighTower Nabs $1B Breakaway Duo in New York: Recruiting RoundupMeanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
February 08, 2017
Merrill Edge Launches Robo-Advisor With a TwistPortfolios will be based on ETFs made by Vanguard and others; Bank of America also introduces automated branches.
February 06, 2017
What the Biggest BDs Are Saying About Trump's Fiduciary OrderWirehouses and other large broker-dealers seem cautiously optimistic on what President Trump will do next with the fiduciary rule.
February 03, 2017
What DOL Delay, Dodd-Frank Rollback Mean for Wall StreetDeregulation, combined with business growth and tax reform, could lead to larger profits, analysts say.
February 02, 2017
First Republic, Raymond James & RBC Grab Merrill Reps: Recruiting RoundupMeanwhile, Merrill Lynch adds a $2 million-producing advisor from Morgan Stanley.
February 02, 2017
Stifel ‘Will Always Look at Good Deals’: CEOIn the fourth quarter, profits more than doubled at the financial firm, which has 2,282 financial advisors.