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.
Four Breakaway Advisors Leave Merrill for HighTower
By Joyce HansonHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.
February 08, 2011
UBS Veteran Hoekstra to Lead ETF Advisory FirmThe former head of UBS Wealth Management Americas will be CEO of the ETF advisory firm
February 08, 2011
2010 Q4 Earnings: UBS Americas Posts Loss Despite Continuing Net InflowsThough the Robert McCann-led unit had its fourth quarter of inflows, it failed to make a profit due to legal issues.
February 03, 2011
Raymond James Recruits Morgan Stanley, Wells Fargo FA VeteransRaymond James announced that it has hired two Baton Rouge, La.-based financial advisors, Tom Breaux and Ian James, both of them veterans of large wirehouse firms.
January 27, 2011
2010 Q4 Earnings: Invesco Profits Rise 44% in Mixed PerformanceInvesco reported higher Q4 earnings but disappointed analysts as stronger stock market results were tempered by fallout from the acquisition of Morgan Stanley’s mutual-funds business.
January 25, 2011
SEC Shares Details of Merrill's $10 Million Fraud SettlementSEC brought charges of securities fraud involving issues at Merrill Lynch from 2002 to 2007.
January 25, 2011
Feb. 10: Live Discussion, Webcast on SEC's Fiduciary StandardNew Date: Feb 10 from 10 AM to 12 Noon.
January 25, 2011
Merrill to Pay $10 Million to Settle SEC Fraud ChargesMerrill Lynch is paying a $10 million fine to settle civil securities fraud charges by regulators who accused the firm of misusing customers' order data to make trades for its own account and for failing to disclose trading fees.