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.
15 Biggest Political Donors in Financial Industry: 2014
By Melanie WaddellWall Street banks and financial trade groups have dished out $800 million during the current campaign cycle, Americans for Financial Reform 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.
July 15, 2014
JPMorgan, Goldman Beat Estimates: Q2 EarningsBond trading revenue fell at both banks, though less than expected, but CEO Jamie Dimon's health issues overshadowed JPMorgan's results.