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.
Legal Woes Drag JPMorgan Profits Down 7%; Wells Net Jumps 10%
By Janet LevauxThough both banks report weaker sales in Q4, JPMorgan faced some $1 billion in legal and other expenses in the fourth quarter.
December 27, 2013
FINRA Floats System to Automatically Flag Problems With Broker Sales PracticesRegulator seeks comments on proposed CARDS system that would gather data from firms and send to FINRA before conducting onsite exams.
December 24, 2013
An Old(er) Piece of Software That's Producing New DividendsThe Pro version of Adobe Acrobat allows me to communicate more efficiently with clients, while saving me time and trouble.
December 20, 2013
Advisors Move to Raymond James, Securities America, Wells FargoRaymond James adds a $1.6 million group from Wells Fargo; Securities America welcomes back a $2 million producer.
December 18, 2013
Lessons From Merrill’s First 100 Years From Founder’s SonAs Merrill Lynch approaches its 100th anniversary, Its founder's son, Winthrop Smith, talks to ThinkAdvisor about its heroes and one villain in particular.
December 18, 2013
Much of 2013’s Important News Arose From What Didn’t HappenOne of the big things that failed to happen this year was a fiduciary standard imposed on brokers by either the SEC or the DOL.
December 17, 2013
Merrill Grabs 3 Reps as Raymond James, LPL Each Add 2 AdvisorsMeanwhile, Baird picks up a veteran financial advisor in Denver, who previously was with Charles Schwab.
December 12, 2013
An Unromanticized Guide to Merging Advisory FirmsGreg Friedman shared lessons from Private Ocean's merger; another panelist at MarketCounsel conference discussed the unthinkable consequences of not having a succession plan.