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.
The Pros and Cons of AUM or Flat Fee Compensation for Advisors: Part 2
By Bob ClarkIs charging flat fees for advice really the wave of the future, or is it a recycled idea that gained little traction in the past?
March 21, 2014
HighTower Launches Third Leg of Advisor Platform: The AllianceGavion, a $20 billion investment consulting firm to institutions, will be building its own HighTower-like partnership in the South for corner office fee-based advisors.
March 21, 2014
Raymond James Helps $1.1M Merrill Team Go IndieBaird adds a branch manager from RBC, and the Retirement Benefits Group welcomes an ex-LPL Financial advisor.
March 20, 2014
Wells Fargo’s Mack Taps 2 DeputiesBob Vorlop is set to focus on products and advice, while Joe Nadreau will be in charge of business strategy and innovation.
March 17, 2014
5 Key Traits of Fastest Growing Bank Wealth ManagersFidelity study names five traits that set thriving bank wealth practices apart size and location weren't among them and their five biggest challenges.
March 17, 2014
Raymond James Adds Teams From Morgan Stanley, Wells FargoMeanwhile, LPL Financial says a credit union with $317 million in wealth-management client assets is now affiliated with the IBD.
March 17, 2014
John Lindsey: How Edward Jones ‘Brutalizes’ Breakaway BrokersWhen John Lindsey broke away in 2012, Edward Jones sued for $5 million. But Lindsey fought back and is helping other brokers do the same.
March 12, 2014
Attention ‘Bonehead Brokers’: Margin Trades Can Burn YouRecord-high margin lending, profitable today, will inevitably land advisors in arbitration, says lawyer Stoltmann, warning, "Stupidity on the part of the broker isnt a defense."