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.
SEC’s Gallagher: Fiduciary Debate Biased Against Brokers
By Melanie WaddellThe debate is not fair right now because there is much more exam data on brokers than on advisors, SEC Commissioner Daniel Gallagher told ThinkAdvisor.
May 08, 2014
HighTower Network Gets Gryphon Financial From Morgan StanleyGryphon Partners, with $600 million in AUM, becomes HighTower's third Network team.
May 06, 2014
UBS Profits Rise 7% on Strong Wealth Results: Q1 EarningsUBS advisors in the Americas have average yearly fees and commissions of $1.04 million.
May 06, 2014
FINRA Fines Morgan Stanley $5M Over IPO Share SalesFINRA said Morgan Stanley had supervisory failures in initial public offerings for Facebook, Yelp and 81 others.
May 01, 2014
Merrill Nabs 2 Advisors, Wells Adds 5The new Merrill team has $3 billion in assets, while each of Wells Fargos latest recruits produces more than $1 million in yearly fees and commissions.
April 30, 2014
Raymond James Nabs $80M Wells Team in CaliforniaTwo advisors join the employee channel in Santa Barbara with some $950,000 in yearly fees and commissions.
April 29, 2014
Why Morgan Stanley Passed on UBS-Paine WebberChairman & CEO James Gorman shares his views on the value of the Smith Barney deal.
April 29, 2014
SEC’s White Pleads for Advisor Exam Funds; Rep. Waters ‘Pushing Hard’ for User Fees BillIn 2004, the SEC had 19 examiners per trillion dollars in investment advisor assets under management, says White. Today, we have only eight.