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.
The New Wirehouse World
By Janet LevauxAs the financial crisis peaked in 2008, the wirehouse firms found their results and share prices plummeting. A toxic cocktail of bad bets on real-estate…
April 26, 2011
2011 Q1 Earnings: UBS Wealth Unit Swings Back to Profit of $126 MillionUBS Wealth Management Americas reported a Q1 2011 pre-tax profit of 111 million Swiss francs, about $126 million, up from a loss in the prior quarter.
April 25, 2011
Goldman Sachs Asset Management Chief Urges More Exposure to BRICGoldman Sachs Asset Management Chairman Jim O’Neill on Saturday urged investors to get more exposure to the growth markets of the BRIC economies.
April 25, 2011
2011 Q1 Earnings Analysis: LPL, J.P. Morgan Strategists Eye Finance SectorTwo weeks into Q1 2011 earnings season, a pattern is emerging: it’s all about slow, post-recession rebuilding, say strategists including JPMorgan's David Kelly.
April 22, 2011
JPMorgan Clearing Deal Will Return $800 Million to Lehman EstateJPMorganChase & Co. will return assets worth $800 million to lawyers representing the brokerage arm of failed investment bank Lehman Brothers Holdings Inc.
April 21, 2011
2011 Q1 Earnings: Morgan Stanley Wealth Unit Grows Sales 11%The current Morgan Stanley Smith Barney FA headcount of 17,800 is down about 2%, or by 340 reps, from last year and fell roughly 1%, or by 243 reps, from the prior quarter
April 20, 2011
BofA Merrill Spins Off BAML Capital Partners Private-Equity Unit to ManagersBank of America Merrill Lynch has reached an agreement with senior leaders of BAML Capital Partners to separate the private-equity buyout unit from the bank.
April 20, 2011
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA HeadcountWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.