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.
SIFMA, FSR Propose ‘Uniform Best Interests’ Standards for BDs
By James J. Green, Melanie WaddellSIFMAs CEO, Ken Bentsen, says its legal standard would protect investors and avoid separate and inconsistent fiduciary policymaking at DOL and SEC.
June 01, 2015
Breaking Away—When the Wirehouse Wants You to StayIndependence-minded advisors encounter significant incentives and obstacles oriented toward keeping them and client assets in-house.
May 29, 2015
Raymond James Adds Team in Flooded Texas RegionMeanwhile, Raymond James, BofA and Wells Fargo are donating to flood relief, and RJ says it is buying Producers Choice Network.
May 28, 2015
Morgan Stanley’s Gorman Defends 25% Pay RaiseThe CEOs $22.5 million salary in 2014 does not put him among the top 10 highest paid in the U.S.
May 28, 2015
LPL Shares Info on Reps Recruited in Q1The IBD lags rivals in terms of average assets per financial advisor but says its "technology, solutions, service and resources" set it apart.
May 27, 2015
Wells Fargo Boosts Support for Team PracticesThe wirehouse is rolling out technology and even a national conference for its team-based advisors, says Kim Ta.
May 27, 2015
What Firms Claim About Their Brokers’ Fiduciary Duty (and Lack Thereof)Broker-dealers publicly market themselves as putting their clients first. But when it comes to arbitration cases, they sing a different tune.
May 26, 2015
Wirehouses Lead Growth in Alternative Assets: MMIMMI report attributes the rapid growth in wirehouse-associated alternative investments to goals-based wealth management, simpler terminology and managed solutions programs.