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.
A Fiduciary Standard: The Next Big (Marketing) Thing?
By Bob ClarkIf brokers can call themselves fiduciaries without actually being so, having a 'fiduciary duty' may become the next powerful marketing tool.
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.
June 28, 2011
Baird Adds 7 Advisors From Morgan Stanley, Wells FargoThe financial advisors join Baird in the Midwest with about $420 million in assets and $2.8 million in yearly fees and commissions
June 21, 2011
Bank of America to Double Size of Merrill Edge Advisor GroupThe mass-affluent group should have 1,000 advisors by year-end