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.
Merrill Lynch Launches Ad Campaign for Clients, Advisors
By Janet LevauxThe marketing push aims to attract advisors at rival firms and professionals looking to switch careers, according to a Merrill Lynch marketing executive
April 06, 2011
Wells Fargo Settles With SEC on Wachovia; Zuni Tribe, Investors to Get $7.4 MillionThe SEC said Tuesday that Wells Fargo agreed to pay more than $11 million to settle charges that Wachovia engaged in misconduct in the sale of two CDOs.
March 31, 2011
BofA, Krawcheck Narrow Search for New Merrill HeadTwo senior executives and two regional directors are reportedly in the running for the top Merrill Lynch post.
March 25, 2011
Baird Taps More Wirehouse Staff, Open to IBD HiresWhile Baird has lately hired Morgan Stanley and Wells Fargo FAs, Baird's Matt Curley would consider Securities America and other independent advisors.
March 16, 2011
Palmer Square Hires JPMorgan Trading Head, and Founder's Wife, as CIOAngie Knighton Long will join her husband, who's the founder, at the Kansas-based capital management firm.
March 11, 2011
JPMorgan Chase Exorcised by Foreclosure-Fearing ClergyA group of clergy collected at the Park Avenue headquarters of JPMorgan Chase, where they performed an exorcism to push the bank to change its foreclosure policies
March 11, 2011
BofA Won't Extend 'Garden Leave' to Merrill AdvisorsBank of America has informed its Merrill Lynch advisors that, unlike their counterparts at U.S. Trust, they will not be asked to sign an agreement and go on reduced-pay “garden leave” if they resign, a company spokesperson confirmed Friday. Plus, the Bank of America-U.S. Trust unit hires 6 advisors from...
March 09, 2011
Morgan Stanley to Fire 200-300 FAs; Considering New Name for UnitMorgan Stanley Smith Barney is letting several hundred lower-producing advisors go and may drop “Smith Barney” from the unit’s name.