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.
Brexit Sends Banks, BDs Reeling
By Janet LevauxAnalysts say that the British vote will hurt the earnings of big banks and BDs, but one contrarian says it's time to buy the sector.
June 23, 2016
SEC Deals Merrill a $425M Wallop; Other Firms Could Be NextThe regulator says the wirehouse failed to safeguard investors' cash and other holdings; other broker-dealers must self-report customer protection violations by Nov. 1.
June 22, 2016
Morgan Stanley Expands Nonresident Wealth BusinessIt adds two executives from Credit Suisse to boost these operations, which have some 400 reps and $90 billion in assets.
June 22, 2016
Recruiting Roundup: Raymond James Adds $205M Wells TeamMeanwhile, LPL Financial, U.S. Trust and others announce new affiliated reps and management hires.
June 21, 2016
Should UBS Sell UBS Americas?Rumors are surfacing again, only to be denied by UBS. But the conversation does make sense, Aites Alois Pirker tells ThinkAdvisor.
June 20, 2016
UBS Announces Major ChangesIn order to help raise pay for top advisors and support retention, the group says, it will reduce advisor recruiting by 40%.
June 20, 2016
When It Comes to Switching Broker-Dealers, Just Do It!For advisors who have decided to move on with their advisory practices, there are numerous reasons not to dawdle.
June 20, 2016
What the Case of a Broker Who Had an Affair With a Billionaire Client Means for AdvisorsA contentious debacle involving ex-Morgan Stanley advisor Ami Forte and her billionaire client, Roy Speer, evokes concerns about elder exploitation and gender discrimination.