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.
Raymond James Hires Two Merrill Advisors
By Janet LevauxRaymond James said Wednesday that it had added two Merrill Lynch advisors to its Raymond James & Associates branch office in Tallahassee, Fla., with about $114 million in assets and more than $600,000 in yearly fees and commissions.
August 12, 2011
Van Eck, Merrill Let Investors Trade HOLDRs for ETFsThe deal effects six HOLDRS and should take place in the fourth quarter. Merrill Lynch is expected to de-list the HOLDRs after the transaction, according to Van Eck.
August 11, 2011
UBS Picks Up 11 Advisors With $1.2 Billion in AssetsTen of UBS' new financial advisors come from Morgan Stanley and Wells Fargo.
August 10, 2011
Commerzbank Profits Fall 93% on Greece WoesAn indication of how much the debt woes of other countries may affect banks came on Wednesday as Commerzbank AG of Germany said its quarterly profit fell 93% once it had written down the value of its Greek holdings.
August 09, 2011
Affluent Are Diligent When Picking Advisor, Merrill Survey FindsNearly half of affluent Americans interviewed two or more advisors before choosing the one that was right for them, with 38% interviewing three or more advisors.
August 04, 2011
UBS Grabs 4 Merrill Advisors in California, FloridaThe FAs have total yearly production of $2.1 million and assets of $800 million
August 04, 2011
5 Best & Worst Broker-Dealers: Q2 EarningsBrokerage firms in the second quarter boosted earnings growth as high as 470% and reported declines as low as 383% AdvisorOne selected a lucky 10 for scrutiny.
August 01, 2011
Recovery Slow for Wealth Management Assets: Aite ReportThe U.S. wealth management industry had high hopes pinned on 2010, but a report released Tuesday by Aite Group found, the overall market size of the brokerage and advisory industry had not fully recovered from its losses by year-end.