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.
Top-Performing Firms Have Raised Fees: Tibergien
By James J. GreenIf you can demonstrate value to your clients, says Pershing Advisor Solutions CEO, then you can charge fees for services, not just on AUM.
October 23, 2014
Snowden Lane Picks Up $270M Merrill DuoThis news follows the boutique firms recruiting of a UBS team in late September.
October 23, 2014
Wells Fargo’s Wimbish: Navigating the 30-Year RetirementWells Fargo retail retirement director Karen Wimbish on guiding clients not just to retirement, but through it, and the firm's new Income Center.
October 22, 2014
Wells Fargo Adds 2 Reps, Boosts Overall Headcount in Q3The third-biggest wirehouse says its client assets total $1.4 trillion.
October 20, 2014
Morgan Stanley Recruits 5 Advisors; Merrill Adds TeamThe wirehouses each add registered reps from rival firms with more than $500 million in client assets.
October 16, 2014
DOL Advisor Crackdown Is ‘Out of Control’: Benefits LawyerThe DOL conducted more than 3,600 audits of qualified retirement plans last year. Settlements related to violations totaled $1.7 billion in plan reimbursements and fines.
October 14, 2014
The Bizarre Recruiting Case of Alfonso MontoyaA $150 million book of business Wells Fargo promised him never materialized and then the wirehouse took him to arbitration.
October 10, 2014
Hacked: What to Do When Cybercriminals Hit Your FirmCybersecurity is a constant threat, and considering how attractive a target a financial firm is, especially if it serves high-net-worth clients, advisors should be prepared for the worst.