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.
Baird Taps More Wirehouse Staff, Open to IBD Hires
By Janet LevauxWhile Baird has lately hired Morgan Stanley and Wells Fargo FAs, Baird's Matt Curley would consider Securities America and other independent advisors.
March 11, 2011
BofA Won't Extend 'Garden Leave' to Merrill AdvisorsBank of America has informed its Merrill Lynch advisors that, unlike their counterparts at U.S. Trust, they will not be asked to sign an agreement and go on reduced-pay “garden leave” if they resign, a company spokesperson confirmed Friday. Plus, the Bank of America-U.S. Trust unit hires 6 advisors from...
March 09, 2011
Morgan Stanley to Fire 200-300 FAs; Considering New Name for UnitMorgan Stanley Smith Barney is letting several hundred lower-producing advisors go and may drop “Smith Barney” from the unit’s name.
March 09, 2011
Raymond James Hires 2 UBS Advisors in S.C.Carolyn Edwards and Roy Seay, with $125 million in assets and $850,000 in yearly sales, are joining RJA in Mount Pleasant, South Carolina
March 04, 2011
Goldman Sachs’ Blankfein May Testify in Galleon CaseGoldman Sachs CEO Lloyd Blankfein has reportedly been called to testify in the trial against Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund.
February 23, 2011
Baird Adds 7 Advisors in Midwest, Southeast From Morgan StanleyThree FAs join Baird from Morgan Stanley Smith Barney in Sioux City, Iowa, while three others come on board in Charleston, S.C. and one more in Charlotte, N.C.
February 23, 2011
Baird Adds 7 FAs in Midwest, Southeast from Morgan StanleyThree FAs join Baird from Morgan Stanley Smith Barney in Sioux City, Iowa, while three others come on board in Charleston, S.C. and one more in Charlotte, N.C.
February 22, 2011
Four Breakaway Advisors Leave Merrill for HighTowerHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.