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.
Pre-Crisis CDOs Haunt Merrill With $131.8M SEC Fine
By Melanie WaddellMerrill Lynch failed to inform investors that a hedge fund firm shorting the CDOs had significant influence over the selection of their collateral.
December 10, 2013
Bank Customer Satisfaction Returns to Prerecession LevelsCustomers are happier with their banks despite higher fees, the American Customer Satisfaction Index says. Satisfaction with health insurers rose, too.
December 10, 2013
LPL Welcomes Back $200M Team; Raymond James Adds $220M Wells GroupThe advisor group returns to LPL from Ameriprise, while Raymond James welcomes three reps to its Advisor Select channel.
December 09, 2013
Morgan, Merrill, UBS Tweak Pay Packages for 2014There are new awards and enhancements, but some payout thresholds have been raised at the wirehouses.
December 05, 2013
Wirehouses Held Prisoner in Broker Bonus WarsDeals can reach as high as the 300% range, veteran recruiter Mark Elzweig says, and rumors of a truce are premature.
December 05, 2013
Ex-LPL, Schwab Recruiter Opens Office to Help Advisors Go IndieThe complexity of options for advisors wanting to go independent requires a new type of service, according to Al McIntee.
December 02, 2013
Driver in Paul Walker Crash: Friend, Racing Fan—and Merrill AdvisorWhile Roger Rodas wasnt famous in the way that Paul Walker was, he evidently had a wide impact as a Merrill Lynch financial advisor.
November 27, 2013
Why Ken Fisher Is Wrong About Future of RIAsIndependent RIAs offer the one thing that Wall Street cant: independence to represent their clients and only their clients.