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.
Merrill Nabs $11M Team From UBS; Raymond James Recruits $1.8M Group From FiNet
By Janet LevauxMeanwhile, Morgan Stanley adds a $1.9 million institutional advisor from Merrill in Atlanta.
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.
September 18, 2013
Citi to Pay $3.1M for Florida Real Estate DebacleThe clients of a former Smith Barney advisor may also get up to $10 million for related expenses.
September 18, 2013
Making Sense of the Nonsensical Broker Comp RuleThe new transition compensation disclosure rule will not apply to transition incentives totaling less than $50,000and that's a problem.
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.