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.
UBS Reports Q3 Loss; Improves Advisor Headcount
By Janet LevauxProfits 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
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).
October 24, 2012
What’s Driving Industry Shifts?The number of wirehouse advisors and their asset base continues to drop, says a report released by Cerulli Associates on Monday.