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.
Morgan Stanley’s Larry King Joins Dynasty in Indie Partnership
By Joyce HansonIn more news of Dynasty's growing network of indie RIAs, noted wealth manager Larry King said he is leaving Morgan Stanley Smith Barney to go independent on the Dynasty platform.
February 01, 2012
Merrill Lynch Boosts Asset MinimumMerrill Lynch is raising its minimum asset level for client households to $250,000 from $100,000 this year, the Bank of America unit said in early January.
February 01, 2012
Raymond James to Purchase Morgan Keegan From RegionsSt. Petersburg, Fla.-based Raymond James Financial said on Jan. 11 that it would buy Memphis-based Morgan Keegan from Regions Financial in a $930-million stock transaction.
January 27, 2012
Advising International Clients; Looking Beyond Wirehouses: February Research—SlideshowServing internationally mobile clients has become a growth industry for financial advisors, as Contributing Editor Ellen Uzelac discusses in Research magazine's February cover story "Advising Across Borders." Another February article, Fear of Flying, tells the stories of brokers who left the wirehouse world in order to become registered investment...
January 27, 2012
For Big Banks, It’s a Case of Bill Gross vs. Gundlach, KBW, et alIn the case of Too Big to Fail vs. Market Expectations, it looks like negative market expectations are winning out against the big U.S. banks.
January 24, 2012
Wells Fargo Grabs 7 From UBS, Morgan StanleyWells Fargo has hired seven advisors, including one joining its FiNet unit, that have about $5.8 million in yearly fees and commissions and about $730 million in total assets.
January 24, 2012
Top 10 Trends in Wealth Management for 2012Whither wealth management? The industry will continue to undergo radical changes that began in 2008, says Aite Group in a detailed report.
January 23, 2012
Affluent Investors Spooked by Market Volatility: Merrill SurveyThose with assets of $250,000 and up say market volatility and other factors inhibit savings and investment activity.