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.
Paulson Praises Advisors: 'Heroic' During Crisis
By Janet LevauxIn terms of financial reform, Paulson says our priority should be on developing a "systematic risk regulator" that can intervene "when the system is threatened."
June 02, 2010
Raymond James Women's FA Network Taps Spinelli as New DirectorRaymond James hopes to boost program and the number of female advisors; it has 4,523 advisors, and 630 - or 14 percent -- are women.
June 01, 2010
Baird Gets Four Ex-UBS FAs; Team Managers $160 MillionNow with more than 650 advisors, Baird keeps recruiting FAs and branch managers from Morgan Stanley, Merrill Lynch, Wells Fargo and other firms.
June 01, 2010
Model Non-EmployeesAfter last year's banner surge, independent broker-dealers have seen a sharp falloff in new advisors. The question that begs asking: Has the RIA marketplace stolen...
June 01, 2010
Major Firms Grow Results on Strong 'Q1 MarketsFirst-quarter results at the wirehouses indicate that Morgan Stanley Smith Barney leads the pack in terms of the number of financial advisors, while Merrill Lynch...
May 27, 2010
Edward Jones Pushes to Add 1,100 FAs; A Tough Target for '10, Says ExecAt 12,743 advisors, Edward Jones is smaller than Morgan Stanley, Wells Fargo and Merrill Lynch in terms of the size of its advisor force but is ahead of independent giant LPL Financial.
May 26, 2010
Baird Adds $350 Mil Team; 4 FAs Join from Morgan StanleyBaird now includes more than 650 financial advisors, who oversaw more than $58 billion in client assets as of March 31, 2010; the majority of new FAs used to work for Morgan Stanley, Smith Barney, Merrill Lynch, UBS, Wells Fargo and Wachovia.
May 24, 2010
Point of View: Lawyer Mark Plotkin on Dodd Reform BillThe bill brings an excess of regulation at a time when the financial industry is still rebuilding, says the Washington, D.C.-based attorney, who specializes in financial services.