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.
SEC, DOJ Sue BofA Over Mortgage-Backed Securities
By Janet LevauxThe two lawsuits entail about $850 million of RMBS sales in 2008 that led to losses of some $120 million, regulators estimate.
August 01, 2013
UBS Adds Morgan Stanley Advisor, but Loses Team to Boutique FirmA group of Wells Fargo reps with about $220 million in assets departs to go independent with an LPL affiliate.
July 31, 2013
Wells Fargo Adds 2 Execs to Client-Focused PushAnne Larson and Erin Rich are now directors of client acquisitions and client experience, respectively, for Wells Fargo Advisors.
July 30, 2013
UBS Improves Profits 32%; U.S. Advisors Top $1M in Average FeesThe Swiss-based investment banks adds reps in the U.S.,though its growth in asset flows is weakening.
July 30, 2013
BrightScope Defends a Business Model Modeled After MorningstarBrightScope's methods irritate some, but others see a chance to clean up some of the industry's problems.
July 29, 2013
Morgan Stanley Gets Approval To Buy Rest of Smith BarneyMorgan Stanley has the government’s thumbs-up to buy the final 35% stake in its Morgan Stanley Smith Barney joint venture from Citigroup.“This…
July 29, 2013
Wells Fargo Adds 34 Teams, $5.4B to Independent ChannelRecent groups have come on board from rivals like Morgan Stanley, Merrill Lynch and UBS.
July 25, 2013
UBS Signals Sizable Jump in Net Profits for Q2Estimated net asset inflows for Wealth Management Americas at $2.9 billion for its 7,000-plus advisors in Q2 2013.