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.
BofA Lowers Fees, Expands Online Platform for Merrill Edge
By Janet LevauxThese changes aim to boost business with Bank of America-Merrill's mass-affluent investors who do most of their trading online.
January 13, 2012
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.
January 06, 2012
Jan. 18 Webinar to Focus on Key Issues, Strategies for Advisors in TransitionUnique data, insights and strategies for advisors considering a change to be addressed in latest AdvisorOne web seminar.
January 05, 2012
Merrill Lynch Boosts Client Minimum, Earns Expert’s KudosThe move to raise the minimum household asset level to $250,000 comes as the Bank of America unit seeks further ways of increasing profits for its high-net-worth and mass-affluent operations.
January 02, 2012
Banks Set for Better Year?The KBW Bank Index fell 25% in 2011, while the KBW Regional Banking Index lost 7%.
December 26, 2011
Commonwealth Financial Boosts PlatformCommonwealth Financial Network said it recently added a number of improvements to its online portfolio platform Investor360. These enhancements, according to the independent broker-dealer, boost the scope of asset information on the platform and allow its affiliated representatives to look at more performance reporting and daily gain/loss data, while also...
December 23, 2011
Another Judge Challenges SEC SettlementMilwaukee Judge Randas objections are reminiscent of Judge Rakoffs criticisms of the SECs settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
December 22, 2011
UBS’ Santucci on Training, Recruiting: Weekend InterviewPaul Santucci, the wealth-management COO for UBS, shares his views on how UBS continues to attract new reps as well as veterans from rival firms.