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.
Most Advisors Want Independence, but Few Make Jump, Survey Says
By Janet LevauxShort-term financial goals keep many advisors in their traditional channels, according to the recruiter Mindy Diamond.
April 06, 2012
TD Ameritrade’s Sales Chief Vows to Keep Pounding Fiduciary ‘Advocacy Drum’Peter Dorsey says he will work on continuing to attract breakaway brokers to TDAI custody platform; sees ongoing trend on tuck-ins.
April 05, 2012
Wirehouses Raise Fees on Mutual Fund CompaniesNew point-of-sale fee disclosure rules under the ERISA Section 408(b)(2), set to take place this summer, are making it more difficult for wirehouses to raise the fees they charge investors.
April 04, 2012
Barclays Adds 2 Ex-Morgan Stanley Advisors in LAThe boutique firm has added eight advisors to the branchwith $2.7 million in assets and about $32 million in trailing-12-month productionin the last six months.
April 03, 2012
Women Investors’ 4 Key Stages Are Focus of LPL Marketing PlatformPractice management and marketing tools revolve around life stages where advisors are often a resource, says Marissa Fox-Foley of LPL, and represent an incredible opportunity.
April 03, 2012
UBS Loses More From Japan Equity DeskThe Swiss bank UBS has lost a total of five people from its Japan equity desk, a week after the research team had been ranked second in Japan.
April 03, 2012
London J.P. Morgan Banker Fined for Insider TradingIan Hannam resigned Tuesday from J.P. Morgan Cazenove in London after he was fined by the British Financial Services Authority (FSA) for insider trading. He intends to appeal the fine.
March 30, 2012
Morgan Stanley Grabs UBS Team; Loses Reps to Merrill, OthersThreat of credit downgrade shouldnt hurt its recruiting power, experts say