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.
Gender Pay Gap in Financial Services Is One of the Widest
By Emily ZulzA lack of women in the financial services industry, and especially in executive roles, helps perpetuate the wage gap that exists.
October 17, 2016
Schwab Profits Soar 33%, Beat Estimates: Q3 EarningsThe firms robo-offering now has $10.2 billion in assets, and its pre-tax profit margin topped 41% in the latest period.
October 14, 2016
Wells Fargo, Amid Turmoil, Beats Estimates: Q3 EarningsAfter naming a new CEO this week in response to a scandal, Wells Fargo said its net income fell in the third quarter.
October 14, 2016
Recruiting Roundup: Ameriprise Adds UBS Rep, RBC Taps Complex ChiefDeutsche Bank Wealth Management expands executive team by hiring Credit Suisse managers; more.
October 12, 2016
Why the Wirehouses Hate the AUM Business ModelTo me, the big question is why brokers continue to share their revenues with their broker-dealers.
October 10, 2016
Merrill Grabs $2B Team From Morgan, Loses $800M Group to JanneyBofA-Merrill Lynch adds eight advisors in the state of Washington, while Janney picks up five reps in Connecticut.
October 06, 2016
Irate Investor Calls for Congress to Investigate Wells Fargo AdvisorsTexan Lacy Harber, who took out ads in four newspapers, says he lost nearly $6 million while trading some $35 million last year.
October 06, 2016
John Thiel, Head of Merrill Lynch, to Step DownThiel says he will stay on as an advisor; the new chief will be Andy Sieg, head of Global Wealth & Retirement Solutions.