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.
UBS Team Jumps to Independence at Raymond James
By Janet LevauxA team with $200 million in assets joins Raymond James Financial Services in Duluth, Minn.
November 11, 2011
Advisors Crave More Control Over Asset Management: Aite'Clearly, advisors crave more control in the asset-management process,' says the Aite Group's report, 'Managing Wealth: Advisor Perspectives on Investment Products and Fee Business.'
November 10, 2011
Wells Fargo’s New HNW Brand Could Make Sense, Expert SaysConsultant Chip Roame tells AdvisorOne he believes the bank-focused model could serve a limited number of wealthy individuals, families and businesses.
November 10, 2011
Judge Imposes Record Fine on Galleon's RajaratnamJudge Jed S. Rakoff assessed a $98.2 million fine against hedge fund billionaire Raj Rajaratnam of Galleon Group while criticizing the SEC's settlements in insider trading cases
November 08, 2011
Big U.S. Banks Are ‘Uninvestable,’ Say Industry Insiders at SIFMA MeetingIndustry insiders criticized big U.S. banks as being uninvestable on Tuesday at the Securities Industry and Financial Markets Associations (SIFMA) annual meeting in New York.
November 04, 2011
BofA Moves to Issue 400M Shares as Stock WeakensBank of America said Thursday that it might issue 400 million new shares and disclosed plans to exchange preferred securities for a total of $6 billion of common shares and debt, despite repeated statements by CEO Brian Moynihan that it would not issue new shares.
November 04, 2011
Morgan Stanley Adds 3 Advisors From UBS With Nearly $1 BillionMorgan Stanley said Thursday it had recruited three UBS advisors in New Jersey and Georgia with nearly $1 billion in assets and more than $8 million in yearly fees and commissions.
November 04, 2011
Schwab Doubles Number of Breakaway-Broker Prospects at Impact 2011As more wirehouse reps see the terms of their retention packages end, they are seriously exploring their options, Schwab's Tim Oden says.