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.
Moynihan Tightens BofA Grip as Friction Said to Spur Shakeup
By Hugh SonBank of America CEO Brian Moynihan named the fourth finance chief of his tenure in a broad shakeup as he seeks to reverse shrinking revenue.
July 23, 2015
4 Ways to Strengthen BICE in DOL’s Fiduciary RuleThe Labor Departments proposed rule is historic and can be improved by industry suggestions, as long that input doesnt weaken the rule.
July 22, 2015
Wells Fargo, Raymond James Add Reps From UBS, Merrill & Morgan StanleyA veteran female team goes independent in Utah.
July 22, 2015
How Raymond James Is Boosting Employee AdvisorsRecruitment and growth opportunities" on the East and West coasts appear to be near infinite, Private Client Group head Tash Elwyn says.
July 20, 2015
Morgan Stanley Q2 Wealth Profits Up 20% as Advisor Headcount FallsCEO Gorman said the advisor recruiting environment was "pretty stable" and that the firm was unlikely to pursue an acquisition.
July 15, 2015
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel ProfitThe news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
July 15, 2015
Wells Fargo Mulls Robo-Advisory OfferingThe news comes more than five years after BofA rolled out Merrill Edge.
July 15, 2015
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.