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.
Wall Street Bonuses Highest Since 2008
By Janet LevauxThe average bonus paid to securities industry employees in New York grew 15% in 2013, according to the Office of the New York State Comptroller.
February 28, 2014
Firms Agree to Stop Early Access to Analyst OpinionsMerrill Lynch, Goldman Sachs and 16 other financial firms move to end "Insider Trading 2.0," says New York Attorney General.
February 26, 2014
Wirehouse Teams Move to HighTower, Raymond JamesMeanwhile, Advisor Center helps seven advisors transition to IBDs in its network with about $520 million in assets.
February 26, 2014
12 Best & Worst Broker-Dealers: Q4 Earnings, 2013Some of Wall Street's major players haven't been able to turn their results around, but others are putting their troubles behind them.
February 24, 2014
Aging Advisors: Bad News for Indies, Good News for WirehousesNew research suggests that custodians and BDs who partner with independent advisors face a serious risk to their business models as advisors age.
February 24, 2014
Securities America Adds Breakaway ModelSecurities America announced the introduction of a new business model to attract more wirehouse advisors to the independent channel in cooperation with…
February 21, 2014
UBS, Raymond James Grab $2M Teams From RivalsMeanwhile, Sapient recruits a rep from RBC in Oregon, a new RIA opens its doors in Minnesota, and an ex-Ameriprise group joins LPL.
February 18, 2014
Banks’ Wealth Management Biz ThrivesWealth management is an increasingly rich revenue source for banks and thrifts as traditional profit centers decline, Michael White and IPI found.