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.
Merrill Hires 3 New York Advisors From UBS
By Janet LevauxBank of America-Merrill Lynch has recruited three veteran financial advisors from UBS with combined client assets of $750 million.
September 12, 2016
$2.2B Morgan Stanley Group Leaves to Form RIAThe Wichita, Kansas, firm will serve about 900 families in Kansas and work with Pershing Advisor Solutions.
September 12, 2016
Top Portfolio Products: New Funds from Fidelity, CBOE Vest and DirexionFidelity introduced six factor-based ETFs, CBOE Vest added a defensive stock fund and Direxion launched two leveraged ETFs.
September 08, 2016
Betterment Study Urges Strong Oversight of Advisors Working With 401(k) PlansThe study, conducted by Forrester Consulting, recommends that employers demand more information on 401(k) fees and investment decisions from advisors.
September 07, 2016
9/11 Commission Chairs Call for New Effort to Combat Terrorist IdeologyTom Kean, Lee Hamilton say task force will address U.S. failure to address the ideology behind terror attacks, especially among young Muslims.
September 02, 2016
RIAs Continue to Gobble Up Wirehouses' Market Share: CerulliCerulli's survey of asset managers identified RIAs and BD mega-teams as having the largest pockets of opportunity to increase market share.
August 31, 2016
Wells Fargo Advisors Adds $700M JPMorgan Duo in TulsaThe bank's retail brokerage also says it has recruited a $100 million Morgan Stanley rep in Southern California.
August 30, 2016
RBC Nabs Billion-Dollar Morgan Stanley Group in TexasThe news comes one week after RBC recruited an advisor in Houston from Wells Fargo.