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, Morgan Stanley, Raymond James Grab Reps From Rivals
By Janet LevauxThe movement involves advisors with more than $15.6 billion in client assets under management and $36 million in yearly fees & commissions.
February 06, 2013
BRIC Inventor O’Neill Checks Out Early From Goldman SachsO'Neill, who coined the term 'BRIC' to describe the emerging-markets juggernaut of Brazil, Russia, India and China, surprised the asset management world with his early retirement.
February 06, 2013
Sallie Krawcheck: Top 10 Reasons It’s Bad to Pay Bankers in StockKrawcheck says its time for large banks boards to come up with new payment strategies for executives, such as bonds, which are fundamentally risk-discouraging.
February 05, 2013
UBS Reports Loss of $2.1B as Advisors Top $1M in Average ProductionPlus, the wealth management unit in the Americas added nearly 30 advisors in the fourth quarter.
February 04, 2013
Morgan Stanley Adds 4 Wells, JPMorgan Reps; Commonwealth Grabs 9 LPL AdvisorsThe 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 31, 2013
Top RIA’s Top Business Model: Keep Your Hands Off!Do-it-yourself investors and financial advisors associated with actively managed investments all are missing the boat, according to Mark Hebner, an RIA managing $1.8 billion who says the "passive advisor" is the best business model.
January 30, 2013
Baird Hires Wells Fargo RecruiterPeter Miller will lead the employee-owned group's efforts to add financial advisors in the Northeast.
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.