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.
Stellar Strategist
By Janet LevauxKarin Kimbrough, head of investment strategy for Merrill Lynch Wealth Management, joined Bank of America in 2014 after working for the Federal Reserve and for Morgan Stanley.
December 27, 2016
Banks, Broker-Dealers Poised for a 'Terrific' 2017Dick Bove and other analysts are bullish on large financial companies, and their BDs, for a host of reasons.
December 27, 2016
Raymond James Nabs $1.2M Merrill Rep in Michigan: Recruiting RoundupA veteran wirehouse advisor with about $110 million in client assets makes the move in the greater Detroit area.
December 22, 2016
Wells Fargo Outlines DOL, Tech Plans; Departures ContinueThe wirehouse urged its FAs to "have conversations with clients and document" that discussion.
December 21, 2016
A $33 Billion Manager Who Bought at Low Shifts to CashDavid Samra, the award-winning stock picker, is boosting cash holdings close to their limit in a market he sees as lacking buying opportunities.
December 21, 2016
Sex, Drugs and Pay-to-Play Fraud Hit New York Pension Fund: SECTwo brokers were charged with providing thousands of dollars in gifts to a former NY state pension fund official in exchange for billions in business.
December 21, 2016
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of RecordsThe companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
December 20, 2016
Morgan Stanley to Pay SEC $7.5M Over Trading SchemeMorgan Stanley used trades involving institutional clients cash to lower its borrowing costs, the SEC said.