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.
JPMorgan to Pay $920 Million Penalty for London Whale Losses
By Melanie WaddellJPMorgan Chase has agreed to pay $920 million to settle charges brought in a coordinated global settlement.
September 18, 2013
Former Merrill Head John Thain Defends Wall Street CompensationNo pointers on office redecoration, but the former Merrill CEO had plenty to say about the 2008 crisis, Wall Street compensation, the Fed and more.
September 17, 2013
Morgan Stanley, Raymond James Name Regional HeadsMeanwhile, Merrill Lynch and Wells Fargos independent-advisor unit share their latest recruiting news
September 16, 2013
Next-Gen Advisor Crisis: Numbers to Shrink by 2017, Cerulli SaysSince peaking in 2005, industry headcount has declined by more than 32,000 advisors.
September 13, 2013
Americans Really Don’t Like Wall Street: PollWall Street scores the lowest rating of any person or institution included in an NBC News/Wall Street Journal poll.
September 13, 2013
Merrill Edge Makes Big ETF PushThe mass-affluent platform is likely to add alternatives and other products in the future to boost assets and clients, executives say.
September 12, 2013
Atlanta Capital Rolls Up Small Family Office FirmsAtlanta Capital, which just bought neighboring PFM Capital, claims it is ahead of a national family office trend, serving clients with assets under $100 million.
September 12, 2013
Ex-Ameriprise Rep Opens TrestleBridge, Affiliates With LPLMeanwhile, LPL-affiliated Washington Wealth rolls out platform for advisors who want to work remotely.