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.
Morgan Stanley Adds 4 Wells, JPMorgan Reps; Commonwealth Grabs 9 LPL Advisors
By Janet LevauxThe reps are expected to bring over more than $430 million to the wirehouse, with some $250 million coming over to the independent broker-dealer.
January 29, 2013
Morgan Stanley Nabs 5 UBS AdvisorsThe latest recruits should come on board with about $750 million in assets and nearly $5 million in yearly production.
January 28, 2013
RIA M&A Grew 30% in 2012, With Most Deals Done by Big Firms: SchwabNational acquiring firms, like HighTower, Focus Financial and United Capital, remained the dominant buyers, with 25 of the 45 total M&A deals, Schwab reports.
January 25, 2013
Johnson Named President of National Planning Corp.John Johnson has been acting in this role for the Jackson National-affiliated independent broker-dealer since November.
January 25, 2013
Top 10 Wealth Management Trends for 2013Every year brings its own challenges, but 2013 is likely to be an exceptionally dynamic year for wealth managers, the Aite Group predicts.
January 23, 2013
How LIBOR Settlement Could Hurt UBSUBS, which has more than 7,000 advisors in the Americas, recently agreed to pay more than $1.5 billion over LIBOR manipulation and related charges. Will its troubles drive away clients and recruits?
January 23, 2013
Wirehouses Roll Out ’13 Comp PlansAfter getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.
January 23, 2013
IMCA NYC to Feature Ian Bremmer, Bob Pozen, Andrew LoPlanting the flag in private wealth advice is going to shape a lot of what IMCA focuses on over the next few years, says IMCA Executive Director Sean Walters.