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.
Raymond James Grabs 3 Reps From Rivals
By Janet LevauxThe new advisors join different channels with a total of $1 billion in assets and more than $2 million in yearly fees and commissions.
November 14, 2013
Banks' Bad Rap Dampens Advisor Recruiting: SIFMA PanelHow to overcome bad publicity and recruit a new crop of advisors was a hot topic in a breakout session at SIFMA's annual meeting.
November 13, 2013
A Commission-Only Crackdown? Really?CFP Board is right to restrict the affiliation of fee-only advisors with BDs and right to require brokers to describe themselves as fee and commission.
November 12, 2013
$900M UBS Group Moves to Dynasty; LPL Team Jumps to Raymond JamesThe New York-based team going independent includes four former wirehouse advisors, while the LPL group has three reps at $310 million in assets.
November 07, 2013
Want a Big Paycheck to Switch BDs? Beware the True PriceCulture beats cash when it comes to picking the right firm, recruiter Jon Henschen says.
November 07, 2013
SIFMA Launches Investor First Initiative; CEO Gregg Says SEC Should Go First on FiduciaryThe Our Partnership with You initiative is designed to help investors get the most out of their relationship with their advisor.
November 04, 2013
UBS Grabs 11 Merrill Reps With $5 Billion in AssetsMeanwhile, Wells Fargo recruits a UBS team with nearly $130 million in client assets.
November 01, 2013
Morgan Stanley Launches Sustainable Investing Group With $10B TargetThe bank also pledges $1 billion in housing investments and sets up a fellowship program to help grow the initiative.