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.
Barclays Wealth Advisors: Focusing on Ultra High Net Worth
By Jane Wollman RusoffBarclays Wealth now has 120 advisor teams aimed at clients with at least $10 million in assets.
February 03, 2010
BofA Merrill to Add 2,000 FAs as It Deals with Series of LawsuitsMerrill Lynch's 'thundering herd' now stands at about 15,000 advisors, putting it well behind rival Morgan Stanley Smith Barney with 18,135 advisors.
February 01, 2010
Smith Barney Veteran Joins BairdBaird continues to attract wirehouse advisors, like Dennis Rowland, as it opens new offices nationwide.
February 01, 2010
Morgan Stanley's Online Forum for Women Proving PopularMorgan Stanley Smith Barney says that its website for women interested in becoming financial advisors has been visited by nearly 30,000 individuals since July...
February 01, 2010
UBS Adjusts FA-Recruiting Packages: Pushes Total Bonuses Up to 260-280%Under the leadership of former Merrill Lynch executive Bob McCann, UBS Wealth Management Americas has introduced a new recruiting package. Though UBS' latest recruiting...
January 25, 2010
Wells Fargo Advisors Shares Q4'09 DataTotal number of financial advisors at Wells Fargo falls to 14,961 from 15, 143 in the third quarter.
January 19, 2010
UBS' McCann and His Team: Lots of Merrill Lynch Ex'sFormer Merrill Lynch execs hope to improve results at UBS Americas, which includes about 7,300 advisors.
January 14, 2010
Merrill's Krawcheck on Breakaway Brokers: Just 'Industry Chatter,' Given Low AttritionThe wealth-management executive at BofA says the top-two quintiles of FAs not leaving en masse to join RIA, other channels.