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 Nabs Morgan Stanley Rep; Indie Washington Wealth Adds Merrill FA
By Janet LevauxStephen Besse moves with about $360 million in assets, while Matthew Griffith goes independent with about $75 million.
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.
April 29, 2014
Bank of America Fighting to Keep Dividend Hike After $4 Billion BlunderBank of America's note valuation error is "a step backwards for them," says one institutional investor, and "raises credibility issues."