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.
UBS Turns Profits Around, Beats Estimates
By Janet LevauxUBS says its advisors in the Americas have yearly fees & commissions of $1 million on average.
January 29, 2014
What’s More Lucrative: Wirehouse Package or Selling Your RIA?Data from AdvisorHUB suggests wirehouse recruiting deals might well unlock more value than selling an RIA firm.
January 28, 2014
Focus Draws $1B UBS Breakaway TeamRaymond James tweets its recruiting news, as Morgan Stanley and UBS share their latest advisor deals.
January 27, 2014
Financial Crisis ‘Scarred’ Young Investors: UBS StudyMillennials are not likely to turn to financial advisors, and see saving as much more important than investing.
January 27, 2014
12 Best & Worst Broker-Dealer 401(k) Plans: BrightScopeThe advisors own 401(k) plans at some of these BDs are lacking, BrightScope ratings show.
January 21, 2014
Breakaway Brokers Move to Focus, Raymond James, OthersIn addition to ex-wirehouse advisors, independent broker-dealers, RIAs and wealth management firms are expanding with "tuck-in" deals.
January 20, 2014
Morgan Stanley Aims for Higher Wealth Management ProfitsCEO James Gorman says its operations, which trail those of rival Merrill Lynch, should top 22% by late 2015 by selling more and keeping costs in line.
January 15, 2014
BofA Profits Climb 370% in Q4Merrill advisor force shrinks to less than 14,000 reps, but production tops $1 million a year.