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.
REFORM DEAL: Fiduciary Standard Can Apply to Brokers
By Melanie WaddellIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.
June 09, 2010
Paulson Praises Advisors: 'Heroic' During CrisisIn 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 07, 2010
LPL Financial's IPO & Its Impact: Beating the Brokerage CompetitionWith 12,026 advisors, LPL Financial is the fifth-largest U.S. broker-dealer. Its IPO and growth plans could allow it to surpass its larger publicly traded wirehouse rivals (Morgan Stanley, Merrill Lynch and Wells Fargo) within a year or two, experts say.
June 03, 2010
Barclays' New Wealth Management Exec: Steve Houston, a Merrill VeteranBarclays Wealth, which bought part of Lehman Brothers in 2008, now has about 250 advisors in the Americas, and a total of 1,680 FAs worldwide.
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...