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.
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
By Gil WeinreichSEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
October 29, 2012
Now It’s Not Just LIBORRegulators globally are broadening the spread of their investigations into rate setting that began with manipulation of LIBOR.
October 29, 2012
UBS to Slash 10,000 JobsThe actions are seen as a way for UBS to go "back to its roots" in the advisory business.
October 26, 2012
Baird Adds UBS Branch ManagerThe branch manager, Karen Heintz, oversaw 24 advisors with $3.1 billion in assets.
October 26, 2012
Affluent Feel Stuffed With Cash, Ready to Invest: UBS ReportAffluent and high-net-worth investors plan to boost their investments after the election, the poll finds.
October 25, 2012
Raymond James Nabs $225M Wells RepThe veteran advisor, Mark Teed, joins its employee channel.
October 24, 2012
BofA to Pay $2.4BBank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.
October 24, 2012
Joint Venture Drops Smith BarneyMorgan Stanley says that its U.S. wealth management business is now branded Morgan Stanley Wealth Management (MSWM).