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.
RBS May Face Fines on LIBOR
By Marlene Y. SatterThe investigation of RBS by regulators in Britain and in the U.S. over the LIBOR rigging scandal could obscure the bank's performance.
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.
October 30, 2012
Should Brokers Be Forced to Disclose Their Bonuses to Clients?SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
October 30, 2012
UBS Reports Q3 Loss; Improves Advisor HeadcountProfits are up for UBS' U.S.-based wealth operations as the number of advisors tops 7,030 and net new money has improved.
October 29, 2012
Ahead of Hurricane Sandy, Markets Shut Up ShopBoth the NYSE and Nasdaq were closed Monday due to the superstorm, though electronic trades continue on Arca, and SIFMA recommends bond market closure.
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.