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.
Advisor, Broker Sentiment Brightest Since Financial Crisis: Fidelity
By Melanie WaddellAdvisors and brokers are taking action to generate new business, placing greater importance on compensation, developing professionally and receiving marketing support.
October 02, 2012
Wirehouse Model Still Bleeding Assets, Talent: Cerulli StudyOther channels, though, have a long way to catch up to the big fourMerrill Lynch, Morgan Stanley, Wells Fargo and UBS.
September 28, 2012
BofA Settles Merrill Purchase Suit for $2.43 BillionThe deal resolves a long-standing dispute, but should not have much impact on the firm's advisors, experts say.
September 27, 2012
SEC, FINRA Enforcement Roundup: Merrill Slapped With $500,000 FineRecent FINRA actions include a $500,000 fine against Merrill Lynch for failing to file required reports, and a joint action with the SEC and the exchanges against Hold Brothers.
September 27, 2012
Many Affluent Feeling More Stable in ’12: Merrill SurveyInvestors are getting used to "the new normal" and adjusting their economic and financial behavior accordingly, the latest Merrill Lynch Affluent Insights Survey shows.
September 26, 2012
Merrill Grabs Morgan Stanley Exec to Run Annuities, InsuranceMichael Maghani, a 30-year industry veteran, was previously with Citi, UBS and other firms
September 25, 2012
Recruiting Activity Gathering Steam As FAs Embrace Wide Range of OptionsMany brokers continued to move between the wirehouses in the late summer and early fall.
September 25, 2012
Morgan Stanley, Citi Strike Deal on MSSBMorgan Stanley and Citigroup have agreed on the valuation to be used in pricing Morgan Stanleys purchase of the remaining stake in the Morgan Stanley Smith Barney joint venture: $13.5 billion for the full business, which includes close to 17,000 advisors.