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.
Raymond James Helps $1.1M Merrill Team Go Indie
By Janet LevauxBaird adds a branch manager from RBC, and the Retirement Benefits Group welcomes an ex-LPL Financial advisor.
March 17, 2014
Raymond James Adds Teams From Morgan Stanley, Wells FargoMeanwhile, LPL Financial says a credit union with $317 million in wealth-management client assets is now affiliated with the IBD.
March 17, 2014
John Lindsey: How Edward Jones ‘Brutalizes’ Breakaway BrokersWhen John Lindsey broke away in 2012, Edward Jones sued for $5 million. But Lindsey fought back and is helping other brokers do the same.
March 12, 2014
Attention ‘Bonehead Brokers’: Margin Trades Can Burn YouRecord-high margin lending, profitable today, will inevitably land advisors in arbitration, says lawyer Stoltmann, warning, "Stupidity on the part of the broker isnt a defense."
March 12, 2014
Wall Street Bonuses Highest Since 2008The average bonus paid to securities industry employees in New York grew 15% in 2013, according to the Office of the New York State Comptroller.
March 10, 2014
Raymond James Grabs $4.2M Advisors; Morgan Stanley Adds $4.5M TeamsFocus Financial and Advisor Center also share the names of independent advisors they've helped switch affiliation.
March 04, 2014
Raymond James Nabs Merrill Team, Set to Open Beverly Hills BranchThe ex-wirehouse recruits discuss why they wanted to leave the big bank environment for another firm.
February 28, 2014
Firms Agree to Stop Early Access to Analyst OpinionsMerrill Lynch, Goldman Sachs and 16 other financial firms move to end "Insider Trading 2.0," says New York Attorney General.