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.
Raymond James Adds Wirehouse, Other Reps With $970M
By Janet LevauxThe firm brings on advisors from Merrill Lynch, UBS and USAA, as well as a new bank-based wealth group.
December 20, 2019
7 Economic Questions, Answered by BofA AnalystsThe analysts addressed several big questions about 2020, and many of their predictions are positive.
December 20, 2019
What to Make of Wirehouse Comp Plans for 2020Consultant Andy Tasnady talks to ThinkAdvisor about recent changes at Wells Fargo, Morgan Stanley and UBS, as well as earlier shifts at Merrill.
December 18, 2019
LPL Nabs Team With 7 Reps, CPAs From Royal AllianceMeanwhile, Wells Fargo FiNet added three advisors from Edward Jones, RBC Wealth and Royal Alliance.
December 16, 2019
Merrill, Brokers Off the Hook for Foreign Investors' Losses: FINRA PanelTwo claimants deposited a "substantial amount of money" into a Merrill account with access to margin borrowing.
December 13, 2019
Ex-UBS Supervisor Wins $11.3M Defamation AwardThe case concerns Mark Munizzi and his role overseeing a broker's uncovered-options strategy and related issues.
December 12, 2019
Wells Fargo Leaves Comp Grid Alone for 2020, Tweaks Payouts on Small AccountsIt's "notable" that Wells Fargo has left its grid intact as other wirehouses have made changes, recruiter Mark Elzweig says.
December 12, 2019
JPMorgan Forms New Wealth BusinessThe unit starts with an asset base of about $400 billion, far smaller than its wirehouse rivals.