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.
Morgan Stanley Drops Smith Barney From Name
By Janet LevauxThe name change was not unexpected, said a recruiter. Finally, we have the culmination of what was not a joint venture, but a takeover.
September 19, 2012
Mass Affluent Consumer Is the ‘New Black’Just as fashionistas once declared that pink was the new black, mass affluent consumers are on the verge of overtaking HNW clients as a desirable customer base for retail banks, says HNW Inc.
September 19, 2012
Wells’ FiNet Adds Teams From Morgan Stanley, UBS & ChaseThe newly independent financial advisors are coming to Wells Fargo's Financial Network with a total of nearly $675 million in assets.
September 18, 2012
Goldman’s Quants Court Advisors After Shutting Hedge FundGoldman Sachs Asset Management's quants are focused on providing clients with managed risk and a smoother ride to wealth accumulation, says GSAM's Gary Chropuvka.
September 14, 2012
Wells Fargo Hires Citi Manager, Promotes 2Eduardo Queen comes on board to work on strategic business planning for Wells Fargo Advisors.
September 14, 2012
Merrill to Pay Brazilian Heiress $3.6MThe case involves losses tied to unauthorized trading by a member of the Nasser family, a prominent banking family in Brazil.
September 13, 2012
HighTower Announces Turnkey Business Lines to Help Advisors With Move to IndependenceThe company is now the thirteenth fastest-growing company in the nation, CEO Elliot Weissbluth says.
September 11, 2012
Morgan Stanley and Citi Strike Deal on 14% MSSB StakeThe price comes in at the low end of the valuation range.