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.
Baird Boosts Recruiting as Reps Boost Sales 12.5%
By Janet LevauxMilwaukee-based Baird now includes about 700 financial advisors, says Matthew Curley, national sales director and COO of Bairds private-wealth management operations.
March 01, 2012
Wall St. Bonuses Taking 14% Beatdown, Could’ve Been Much WorseBut these declines, reported by the New York Comptroller, are much smaller than the fall in profits, experts say.
February 29, 2012
Merrill Edge Rolls Out Portfolio SeriesBofA's new mass-affluent products have a 1% yearly fee and a $20,000 minimum balance.
February 28, 2012
Raymond James Recruits $2.7 Million Advisor TeamRaymond James added a $2.7 million team to its ranks, the broker-dealer announced Tuesday.
February 28, 2012
SEC, CFTC Issue Joint Rule Proposal on Identity TheftThe SEC on Tuesday announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags.
February 24, 2012
Raymond James Courts Morgan Keegan FAsExecutives at Raymond James and Morgan Keegan say they expect the majority of Morgan Keegans roughly 1,000 employee advisors to stay with the firm after the merger is complete, despite some recruiters claims that the transition package being offered FAs isnt enticing enough.
February 24, 2012
Wirehouses Post Mixed Results for Q4’11Bank of America said in mid-January that it had net income of $2 billion, or $0.15 per share, for the fourth quarter of 2011 vs. a net loss of $1.2 billion, or $0.16 per share in the same year-ago period, meeting analysts expectations.
February 23, 2012
Direct Providers Threaten Advisors’ Client Base: CerulliThose advisors most in jeopardy are those who compete most directly with providers such as Schwab, Fidelity and E*Trade.