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.
Q2 Earnings Outlook: Financial Firms’ Reporting Season Off to Good Start
By Janet LevauxBut with new rules hitting banks, corporate results could face headwinds in the second quarter of 2011.
July 12, 2011
Merrill Moving to Align Pay to HNW Focus for FAsChanges to the incentive grid would reportedly give extra rewards to teams and advisors with fewer but higher-net-worth clients.
July 01, 2011
BDs Should Embrace - Not Shun - Social Media, Says Software ExecChad Bockius, CEO of Austin-based Socialware, has been following the use of social media in the financial-services industry for several years. In mid-2008,…
July 01, 2011
FINRA Fines Merrill, Credit SuisseThe Financial Industry Regulatory Authority said recently that it fined Credit Suisse Securities (USA) LLC $4.5 million and Bank of America’s Merrill…
July 01, 2011
Morgan Stanley Moves to Fire More FAsThree months after firing about 300 advisors, Morgan Stanley is poised to get rid of more lower-producing FAs. “We may go below the previously stated…
July 01, 2011
Barclays Wealth Adds 6 FAs from Merrill, Morgan Stanley & GoldmanThe new advisors join Barclays Wealth with about $1.1 billion in assets and $26 million in trailing 12-month fees and commissions.
June 29, 2011
Research Magazine Hall of Fame 2011: Call for EntriesAnnouncing Research Magazine’s advisor recognition programs: the Research Advisor Hall of Fame and Research Research ETF Advisor Hall of Fame.
June 29, 2011
BofA in $8.5 Billion RMBS Deal With PIMCO, Goldman, OthersBank of America's latest settlement involves 530 trusts that bought residential mortgage-backed securities for $424 billion.