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.
Wall St. Bonuses Taking 14% Beatdown, Could’ve Been Much Worse
By Janet LevauxWorkers at Wall Street firms should expect their cash bonuses to fall by 14% this year, after dropping 13% last year, according to an estimate released in March by New York Comptroller Thomas DiNapoli.
March 23, 2012
Morgan Stanley Grabs Two Reps From Merrill, Credit SuisseMorgan Stanley has continued to hire advisors despite broker defections, an executive-search consultant says.
March 22, 2012
Citi Mulls Unloading Smith Barney Stake to MorganA Nomura Holdings analyst wrote in a letter to clients on March 22 that Citigroup executives indicated willingness to sell more than the scheduled 14% stake in Morgan Stanley Smith Barney if Morgan Stanley is interested.
March 21, 2012
Piling On Goldman While Obscuring the Big TruthWhat's been almost entirely missing from the frenzy is a discussion of why Goldman Sachs, according to Greg Smith, was not violating federal regulations.
March 20, 2012
Baird Grabs 12 From Morgan, Wells Fargo, SchwabBaird on Tuesday announced the hiring of 12 advisors from Morgan Stanley, Wells Fargo and Schwab with about $1.8 billion in combined AUM and about $10.4 million in yearly fees and commissions.
March 20, 2012
Are RIAs Really a Bigger Regulatory Problem Than Brokers?A look at the number of enforcement actions against each group provides a ready answer: part two of a series on the Bizarro World inside the beltway
March 15, 2012
Goldman Sachs Ripped by Critics for History of Putting Profits Over ClientsGreg Smiths very public resignation from Goldman Sachs has sparked heated discussion in the financial services industry, not only on the propriety of Smiths New York Times op-ed but on the substance of the former Goldman executives accusations against the firm.
March 13, 2012
‘Reformed Broker’ Gadfly Joins BrightScope as Social Media AdvisorJoshua Brown, the angry former broker who made a name for himself by saying out loud what others in the finance industry just think, has joined the advisory board of 401(k) analytics firm BrightScope.