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.
Hearsay Social to Support LinkedIn’s Sales Navigator
By Janet LevauxSocial-media focused sellers are 51% more likely to beat their quota than traditional sellers, according to one survey.
July 31, 2014
UBS Profits Up Despite Regulatory Fines: Q2 EarningsUBS profit beat estimates despite muted client activity and charges resulting from litigation and regulatory matters.
July 31, 2014
Sontag Joins Board of Focus Financial; Bruton In as Lucia Capital CEOThese growing firms aim to add more advisors and business from the wirehouses, as well as from independent firms.
July 25, 2014
15 Biggest Political Donors in Financial Industry: 2014Wall Street banks and financial trade groups have dished out $800 million during the current campaign cycle, Americans for Financial Reform says.
July 24, 2014
Morgan Stanley to Pay $275M to SEC in Mortgage CaseMorgan Stanley units understated the number of delinquent loans in two mortgage-backed securities, the SEC says.
July 22, 2014
Merrill’s New Training Could Put Advisors in ‘Sticky’ SituationThe program is intended to help advisors with succession, but it could make it harder for advisors and clients to leave, Mark Elzweig says.
July 18, 2014
Raymond James Recruits 3 Wirehouse Teams, $875M in Client AssetsMeanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
July 17, 2014
Morgan Stanley Wealth Earnings Up, but Merrill Stays Ahead in Q2Despite Gormans push, the Morgan unit still has room for improvement on some fronts compared to its main rival, Merrill.