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.
Merrill Signs Ex-NFL Player to Head San Francisco Complex
By Janet LevauxWillie Thomas, a former Seattle Seahawk, has 20-plus years in the business and will lead nearly 200 reps.
December 11, 2014
Merrill’s New Comp Plan Pushes Reps to Drop Small ClientsEnhanced payouts will be offered to reps who bring in new high-net-worth households as smaller clients will be directed to Merrill Edge.
December 11, 2014
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPOThe firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
December 09, 2014
Morgan Stanley to Award More Bonuses Up FrontMorgans compensation committee agreed to defer future bonus pools at an average rate of 50% instead of 80%.
December 08, 2014
In Search of the Best Financial Planning Software: IntegrationAs I near my decision on which financial planning software to choose, a last-minute integration issue arises.
December 04, 2014
How Will AUM Advisors Weather the Next Market Downturn?With an average profit margin of 22%, not all advisory firms may even survive the next downturn.
November 26, 2014
Merrill Grabs 6 Reps From Morgan Stanley, OthersThe recruited reps have about $710 million in assets and $5 million in production.
November 24, 2014
Schwab Attracting Advisors, Assets from WirehousesGeorge W. Bush and Ben Bernanke headlined the Schwab Advisor Services Impact 2014 conference held in Denver in early November, which was expected to draw…