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.
TIAA-CREF to Boost Advisor Headcount by 45%
By Joyce HansonRecruiting from banks, IBDs and wirehouses, TIAA-CREF has added nearly 200 advisors since the start of 2012 and wants to add 200 more.
October 03, 2013
Merrill Nabs $11M Team From UBS; Raymond James Recruits $1.8M Group From FiNetMeanwhile, Morgan Stanley adds a $1.9 million institutional advisor from Merrill in Atlanta.
October 02, 2013
Ludeman Successor Named by Wells FargoThe long-time leader of Wachovia and other predessor firms will retire at year-end; his replacement is Mary Mack.
October 02, 2013
Putnam’s Portrait of the ‘Social Advisor’: Younger, Likes LinkedIn, Gets ReferralsStudy finds that advisors who use social media daily tend to be younger than average; 49% say they get new clients through social efforts.
October 01, 2013
Wells Adds $5.8M Morgan Stanley TeamThe four veteran advisors join with about $1 billion in client assets in Woodbury, N.Y.
September 26, 2013
JPMorgan CEO Meets With Attorney General Amid MBS ChargesA government official familiar with ongoing negotiations said an $11 billion national settlement is under review to resolve claims against JPMorgan.
September 19, 2013
Morgan Stanley Grabs 5 Reps, 1 Branch LeaderThe new additions, who came over from rival firms, have some $4.8 million in production and $730 million in client assets.
September 19, 2013
JPMorgan to Pay $920 Million Penalty for London Whale LossesJPMorgan Chase has agreed to pay $920 million to settle charges brought in a coordinated global settlement.