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.
Wells Shifts Tax-Withholding on Commissions
By Janet LevauxWells Fargo says it has moved to resolve an issue affecting as many as 11,000 financial advisors who joined Wells Fargo Advisors after the bank...
September 15, 2010
Why Today's Retention Deals Won't WorkThough advisor movement has slowed, some brokers continue to stray. Here's why.
September 01, 2010
Wells Fargo Moves to Fix Tax-Withholding IssueThe bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months.
August 31, 2010
Wirehouse Assets: Still on Top, But Losing Market ShareThe four largest broker-dealers have about 60%, or $1.1 trillion, of the industry's managed assets, down from 64% last year, according to a recent study.
August 30, 2010
Wirehouse Watch: Why Merrill's Results Top Morgan Stanley'sProfits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.
August 27, 2010
Using Managed Futures in Rough Markets - Part IA little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say.
August 26, 2010
Raymond James Adds Board Member, Pays DividendThe board also approved bylaw amendments related to the separation of CEO and chairman offices.
August 24, 2010
Morgan Stanley Adds Team from Wells, Faces FineBoca Raton-based advisor team with $100 million-plus in assets joins MSSB a few days after FINRA fined the broker-dealer $800,000.