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 Exec Upbeat on FA Growth, Praises Morgan Keegan
By Janet LevauxRaymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, but a merger or acquisition is not out of the question.
July 26, 2011
Hard Time for BDs on the Block to Find SuitorsWhile rumors persist about possible suitors for Securities America, Morgan Keegan and other broker-dealers on the market, experts say the pool of buyers…
July 26, 2011
Mastering Social MediaIn a sign of the times, 600 advisors at an Investment Management Consultants Association conference recently crammed into a training session called “Get Linked In, Not Left Out: Compliance Friendly Ways to Harness Social Media’s Power in Your Practice.” That’s no typo: 600.
July 26, 2011
BofA to Expand Merrill Edge AdvisorsBank of America said in mid-June that it planned to nearly double the number of Series 7 financial advisors serving its mass-affluent Merrill Edge client…
July 26, 2011
Q2 Earnings: UBS Misses Estimates, Says Americas Unit Not for SaleNumber of UBS advisors and net new assets rises in the United States and Latin America in Q2 even as the bank missed its earnings estimates.
July 21, 2011
Q2 Earnings: Morgan Stanley Tops Estimates, Boosts Wealth ResultsMorgan Stanley Smith Barney is ahead of rival Merrill Lynch in FA headcount and average assets but lags in annualized revenue per advisor.
July 19, 2011
Q2 Earnings: Wells Fargo Beats Estimates; Advisor Headcount DropsWith 15,194 financial advisors and about 3,800 bankers, Wells Fargo now has 18,989 licensed professional, which is 205 less than in Q1.
July 19, 2011
Q2 Earnings: BofA Posts Big Loss; Merrill Adds AdvisorsLoss was spurred by mortgage settlement that included Countrywide issues; Merrill Lynch now includes more than 16,240 advisors with average yearly sales of $894,000.