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, Ameriprise Add Teams in Midwest
By Jada SmithThe teams move with close to $400 million in total assets under management, the broker-dealers say.
December 18, 2014
Raymond James Adds 2 Ex-Wells Fargo TeamsThis news follows the successful recruiting of groups from Merrill Lynch, JPMorgan and Stifel Nicholaus.
December 17, 2014
Merrill Signs Ex-NFL Player to Head San Francisco ComplexWillie Thomas, a former Seattle Seahawk, has 20-plus years in the business and will lead nearly 200 reps.
December 16, 2014
FINRA Penalizes Merrill $2.4M Over Pricing of GM NotesThe fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
December 15, 2014
UBS Reps to See Bigger Wealth BonusesThe 7,000 reps are set to receive more fees and commissions tied to insurance, lending and planning work.
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%.