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.
Recruiting Roundup: Merrill Lynch Picks Up 9 Reps With $1.5B
By Marlene Y. SatterMeanwhile, Raymond James adds two employee teams with $370 million and an indie advisor with $325 million.
April 18, 2016
Morgan Stanley Says DOL Fiduciary Impact ‘Manageable’ as Q1 Profits Drop 53%Net income for the wealth management unit declined 8% from last year to $493 million.
April 14, 2016
Recruiting Roundup: Morgan Stanley Gains 5 Reps With Assets of $850MMeanwhile, Focus Financial adds Waddell & Associates in Tennessee.
April 14, 2016
BofA, Wells Fargo Profits Weaken but Beat Estimates in Q1Bank of America also reported lower revenue, while its counterpart improved sales in the period.
April 13, 2016
5 Big Banks’ Living Wills Are Rejected by U.S. RegulatorsThe banks, including Wells Fargo, have until Oct. 1 to rewrite the plans.
April 13, 2016
Betterment Names Former Schwab Exec Clendening to BoardJohn Clendening, now CEO of Blucora, joins robo-advisors board weeks after Betterment gets $100 million in new VC financing.
April 12, 2016
Condom Pizza and Breast Milk Shots: True Stories From a Woman on Wall St.Seven-year Bear Stearns veteran Maureen Sherry talks to ThinkAdvisor about the harassment she received from male co-workers so brazen it inspired a fiction book.
April 11, 2016
AssetMark to Be Acquired by Chinese Securities FirmThe deal with Huatai Securities is the third sale of the firm in the past nine years.