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.
Barclays Recruits 18 Advisors; Morgan Stanley Adds 1; LPL Group Brings on Wells Team
By Janet LevauxThe new Barclays advisors come from many wirehouse and other firms with close to $40 million in yearly fees and commissions, as well as about $9.4 billion in assets.
November 05, 2012
Commonwealth to Roll Out More IA Options in Early ’13The independent broker-dealer believes more flexibility on affiliation will help it attract more breakaway brokers and give its advisors and prospects more options.
November 02, 2012
SIFMA Elects New Officers to Municipal Securities DivisionStratford Shields of Morgan Stanley & Co. will serve as division chair, and Frank Fairman of Piper Jaffray & Co. and David Stephens of Bank of America Merrill Lynch & Co. will serve as vice chairs.
November 02, 2012
RBS May Face Fines on LIBORThe investigation of RBS by regulators in Britain and in the U.S. over the LIBOR rigging scandal could obscure the bank's performance.
November 01, 2012
Wedbush Nabs Morgan Stanley FASouthern California-based Richard Wright moves from the wirehouse to the independent firm.
November 01, 2012
JPMorgan Sues London Whale’s BossJPMorgan Chase & Co. has filed suit against Javier Martin-Artajo, the executive who supervised Bruno Iksil, aka the London Whale, after the latters disastrous trades lost the bank what could be upwards of $6.2 billion.
October 31, 2012
Morgan Stanley Grabs Reps From Raymond James, Wells FargoThe three new advisors move to Morgan Stanley with more than $4 million in yearly fees and commissions and roughly $430 million in client assets.
October 31, 2012
LPL Tops Estimates, Boosts AssetsThe number of advisors drops from the second quarter, but is up for the year at 13,140.