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.
Bonuses Up 8%: Report
By Janet LevauxWall Street bonuses should be up about 8% this season and total $20 billion, according to New York State Comptroller Thomas DiNapoli. But experts caution that this increase doesnt necessarily translate into much these days for advisors.
March 25, 2013
HighTower, UBS Veteran Join in New York PartnershipMK Wealth Managements principal, Mark Kravietz, is a longtime veteran of the financial services sector, most recently at UBS Financial Services.
March 22, 2013
Top 25 401(k)s for NYC-Based Companies: Where Are the Big Banks?Say goodbye to BlackRock, Goldman Sachs, Morgan Stanley and other finance giantsthis year's list of the best plans is seriously competitive.
March 20, 2013
Freddie Mac Sues Big Banks Over LIBORGovernment-owned Freddie Mac accuses the banks, including Bank of America, of acting collectively to hold down the U.S. dollar LIBOR.
March 19, 2013
TD Ameritrade Grabs Ex-LPL RecruiterScott Collins will lead recruiting of hybrid and fee-only RIAs. Meanwhile, Wells Fargo says it has added 27 advisors this year, and Morgan Stanley brings in three from UBS.
March 14, 2013
Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAsWhy is it that every current wirehouse advisor says theyre completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?
March 12, 2013
Morgan Stanley Nabs CNBC’s KaminskyMeanwhile, Merrill confirms that Raphael Zagury has left its structured products group.
March 11, 2013
As Dually Registered Advisors’ Assets Grow, SEC Zeros InJust as the SEC beefs up its oversight of dually registered advisors, new research from Cerulli Associates finds the dually registered channel is one of the fastest growing.