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.
LPL Names New Head of Client Services
By Janet LevauxThe news follows several other executive shifts at the independent broker-dealer.
June 05, 2015
Focus Financial Obtains $1B for GrowthThe credit facility is available to all Focus firms and will fund programs to support efforts to go independent and plan for succession.
June 04, 2015
LPL Adds Teams From Morgan Stanley, Lincoln; Merrill Grabs Ex-UBS DuoThe indie broker-dealer should bring in about $600 million in new assets and the wirehouse about $300 million.
June 04, 2015
4 Signs the Wirehouse Team Ain’t Movin’There are some easy ways to probe the real intentions of advisors who say they want to go independent.
June 03, 2015
Wells Fargo, Hearsay Social Roll Out New Tech ToolsThe wirehouse boosts reps' tablet power, while the social media tech firm introduces a "universal" supervision solution.
June 03, 2015
SIFMA, FSR Propose ‘Uniform Best Interests’ Standards for BDsSIFMAs CEO, Ken Bentsen, says its legal standard would protect investors and avoid separate and inconsistent fiduciary policymaking at DOL and SEC.
June 03, 2015
Raymond James Lands Its Biggest Recruit Ever, From Morgan StanleyThe Americas Group, based in South Florida, manages some $2.4 billion for retail and institutional clients.
June 01, 2015
Be Afraid … Be Very AfraidThe number of wirehouse advisors over the years who switch to independent firms tends to rise at a glacial pace—far out of proportion to the estimated…