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.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
By Marlene Y. SatterMeanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
September 22, 2015
Wall Street Cracks Down on Free Sharing of Analysts' NotesBrokerage and bank executives are frustrated that so much research ends up on Twitter minutes after its release.
September 21, 2015
Advisors Lure Million-Dollar Clients on Social MediaSome 17% of respondents to an American Century survey said they acquired business of at least $1 million in part because of social media.
September 21, 2015
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging ShareholdersThe firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
September 18, 2015
Top Portfolio Products: New ETFs From State Street and DirexionHedge your currency risk or double down on a leveraged sector stock bet? That's what some of this week's new portfolio products offer.
September 17, 2015
Advisors Downplay Fed’s Interest Rate DecisionToo much emphasis is being placed on the significance of this event, one advisor said as the FOMC announced it was keeping rates unchanged.
September 16, 2015
Recruiting Roundup: Raymond James Nabs $550M Team From UBSMeanwhile, U.S. Trust adds four advisors, and Cetera picks up Gough Financial as part of an OSJ.
September 13, 2015
The Real Cost of Investment FeesPersonal Capital, an online advisory firm, just released a report showing how much money investors lose paying fees to financial institutions.