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.
Putnam’s Portrait of the ‘Social Advisor’: Younger, Likes LinkedIn, Gets Referrals
By James J. GreenStudy finds that advisors who use social media daily tend to be younger than average; 49% say they get new clients through social efforts.
September 19, 2013
Morgan Stanley Grabs 5 Reps, 1 Branch LeaderThe new additions, who came over from rival firms, have some $4.8 million in production and $730 million in client assets.
September 19, 2013
JPMorgan to Pay $920 Million Penalty for London Whale LossesJPMorgan Chase has agreed to pay $920 million to settle charges brought in a coordinated global settlement.
September 18, 2013
Citi to Pay $3.1M for Florida Real Estate DebacleThe clients of a former Smith Barney advisor may also get up to $10 million for related expenses.
September 18, 2013
Making Sense of the Nonsensical Broker Comp RuleThe new transition compensation disclosure rule will not apply to transition incentives totaling less than $50,000and that's a problem.
September 18, 2013
Former Merrill Head John Thain Defends Wall Street CompensationNo pointers on office redecoration, but the former Merrill CEO had plenty to say about the 2008 crisis, Wall Street compensation, the Fed and more.
September 17, 2013
Morgan Stanley, Raymond James Name Regional HeadsMeanwhile, Merrill Lynch and Wells Fargos independent-advisor unit share their latest recruiting news
September 16, 2013
Next-Gen Advisor Crisis: Numbers to Shrink by 2017, Cerulli SaysSince peaking in 2005, industry headcount has declined by more than 32,000 advisors.