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.
Merrill Overcharged Clients $32M in Fees, FINRA Says
By Janet LevauxThe overcharges in fees affected 95,000 accounts over an eight-year period, making it a significant supervisory issue, experts say.
June 18, 2012
4 Ways to Cash In on Today’s Market: Wells Fargo OutlookThere are ways to take advantage of today's market and economic uncertainty, according to strategists from Wells Fargo Advisors.
June 15, 2012
Merrill’s Latest Ads: The Bull Is BackBank of America-Merrill Lynch aims to boost its image as a source of strength during unstable times.
June 13, 2012
Raymond James, LPL Add Morgan Stanley Advisors as MSSB Grabs Wells TeamTwo teams leave Morgan Stanley to go independent, while another chooses to keep its employee status.
May 31, 2012
Janney Grabs Morgan Stanley Rep, Aims to Grow Advisor Headcount 5%The firm has added 15 reps this year from Merrill Lynch, Morgan Keegan and other broker-dealers and plans to hire 25 to 30 more, said private client group president Jerry Lombard.
May 31, 2012
JPMorgan’s Dimon to Testify on Losses June 13The Senate Banking Committee announced Thursday that JPMorgan Chase CEO Jamie Dimon will testify on June 13 regarding the bank's trading losses.
May 24, 2012
Major Firms See Assets, Fees Rise in Q1 ‘12 But Post Mixed Results for FA HeadcountsFor the first quarter, Bank of America said the total number of financial advisors rose to 17,512 from 17,308 in the prior quarter and 15,797 in the year-ago…
May 24, 2012
FiNet Chief Outlines Growth DriversJohn Peluso, president of Wells Fargo Advisors Financial Network, says the independent channel of Wells Fargo had a very good 2011, and he expects the group to have an even better 2012.