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.
Why Some Big Breakaway Brokers Are Going Independent: Economics
By Bob ClarkThese days, big wirehouse brokers are making the move to independence for economic reasons. Will that change the independent advisor community?
February 15, 2012
5 Best & Worst Broker-Dealers: Q4 EarningsBrokerage firms in the fourth quarter boosted earnings growth as high as 191% and reported declines as low as 131%AdvisorOne selected 10 to spotlight.
February 14, 2012
Industry Opponents Slam Volcker Rule as Volcker Defends ItThe controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.
February 09, 2012
Barclays Wealth Grabs 8 FAs From Wells, Morgan, GoldmanThe reps will work in the Los Angeles and Chicago offices after moving over from Credit Suisse, Goldman Sachs, Morgan Stanley and Wells Fargo.
February 08, 2012
Angeles Investment Advisors, Carson Wealth’s Foster Launch HNW RIAThe new RIA plans to grow by hiring breakaway brokers looking to build upon an exceptional brand.
February 07, 2012
Q4 Earnings: UBS Profit Falls as Advisor Headcount RisesWealth Management Americas included 6,967 FAs at the end of the fourth quarter, up 171 from a year ago and 54 from the previous quarter.
February 06, 2012
UBS Nominates Board Members; Grabs Advisors From BofA, MorganThe recruited reps come from Bank of America and Morgan Stanley with about $3 billion in assets and $18 million in production.
February 06, 2012
Morgan Stanley’s Larry King Joins Dynasty in Indie PartnershipIn more news of Dynasty's growing network of indie RIAs, noted wealth manager Larry King said he is leaving Morgan Stanley Smith Barney to go independent on the Dynasty platform.