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.
Raymond James Recruits $2.7 Million Advisor Team
By Danielle AndrusRaymond James added a $2.7 million team to its ranks, the broker-dealer announced Tuesday.
February 24, 2012
Wirehouses Post Mixed Results for Q4’11Bank of America said in mid-January that it had net income of $2 billion, or $0.15 per share, for the fourth quarter of 2011 vs. a net loss of $1.2 billion, or $0.16 per share in the same year-ago period, meeting analysts expectations.
February 23, 2012
Direct Providers Threaten Advisors’ Client Base: CerulliThose advisors most in jeopardy are those who compete most directly with providers such as Schwab, Fidelity and E*Trade.
February 22, 2012
‘Retiring Isn’t About Age’: Merrill Affluent SurveyThe majority of those surveyed (59%) also believe the age at which Americans are eligible to collect Social Security should be raised.
February 21, 2012
Why Some Big Breakaway Brokers Are Going Independent: EconomicsThese days, big wirehouse brokers are making the move to independence for economic reasons. Will that change the independent advisor community?
February 21, 2012
Dynasty Financial Continues to Expand With Break-Away AIFDynasty Financial Partners announced that UBS Wealth Services Samuel Kiefer has left UBS to join independent advisory RPg, a member of the Dynasty network of indie advisors.
February 15, 2012
Merrill Adds Putnam to Retirement-Plan SuiteAccording to BofA, some 2,300 Merrill Lynch advisors sell defined-contribution plans, which now have about $26.5 billion in assets.
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.