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.
Sontag Joins Board of Focus Financial; Bruton In as Lucia Capital CEO
By Janet LevauxThese growing firms aim to add more advisors and business from the wirehouses, as well as from independent firms.
July 22, 2014
Merrill’s New Training Could Put Advisors in ‘Sticky’ SituationThe program is intended to help advisors with succession, but it could make it harder for advisors and clients to leave, Mark Elzweig says.
July 18, 2014
Raymond James Recruits 3 Wirehouse Teams, $875M in Client AssetsMeanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
July 17, 2014
Morgan Stanley Wealth Earnings Up, but Merrill Stays Ahead in Q2Despite Gormans push, the Morgan unit still has room for improvement on some fronts compared to its main rival, Merrill.
July 17, 2014
Morgan Stanley Beats Estimates on Smaller Drop in Fixed Income: Q2 EarningsMorgan Stanley saw a smaller drop in second-quarter fixed income trading revenue than Citigroup or JPMorgan.
July 17, 2014
Wirehouse Bleeding of HNW Assets Stabilizes: CerulliFor the first time in recent memory, wirehouses are retaining their share of assets, including those of high-net-worth investors.
July 16, 2014
Cerulli: RIAs take market share from wirehousesAbout one-third of wirehouse advisors indicate a preference for the independence that RIAs enjoy.
July 16, 2014
BofA Q2 Earnings Tumble on $4 Billion Expense for LitigationBank of America spent $4 billion in the second quarter to cover litigation costs, including a mortgage settlement with American International Group.