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.
Wells Adds 5 Reps as Raymond James Grabs One of Its FAs
By Janet LevauxIn other news, U.S. Trust shares the names of its latest recruits, and two divorce-focused groups merge.
March 24, 2015
Morgan Stanley CFO to Leave for GoogleRuth Porat will take the same position at Google and will be one of the few female top executives in Silicon Valley.
March 23, 2015
Merrill Fined $2.5M Over Unapproved ‘Double Production’ TalksThree hundred advisors and staff in Boston attended sales presentations that were not pre-approved by compliance.
March 23, 2015
Raymond James, LPL Add Teams From Morgan StanleyThe two groups each have $200 million or more in assets; Securities America taps recruiter; Foothill Securities brings on $1B group.
March 19, 2015
Morgan Stanley’s Dhanda Named to New Role in Wealth UnitHe replaces Andy Saperstein, who is becoming co-COO of institutional securities.
March 17, 2015
FiNet President: Wells Fargo ‘Loves Our Growth Story’Wells Fargo Advisors independent channel has been on a tear, adding 99 advisors last year, FiNet President Kent Christian says.
March 16, 2015
For Product Providers, Wirehouses Still Rule: CerulliThough wirehouses' market share is declining, they still hold the biggest share of assets, so product providers must adapt to their changing needs, Cerulli says.
March 16, 2015
All Eyes on SEC Chief to Move Fiduciary Forward, FINRA’s Ketchum SaysMeanwhile at SIFMA's regulatory conference, the Wall Street lobby released a study challenging the White House's claim that conflicted advice costs investors $17 billion annually.