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.
Wells Fargo Grabs 7 From UBS, Morgan Stanley
By Janet LevauxWells 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 20, 2012
SEC Orders Advisor With Ties to Wells Fargo to Explain Actions on Doomed CDOThe SEC ordered investment advisor Lisa Premo to answer questions about her alleged part in overstating the NAV of a fund after a CDO went into default in 2008.
January 20, 2012
Wirehouse Push Into Indie-BD Space Could Follow Wells’ ModelBut making a semi-independent or fully independent channel work within the wirehouse world is no easy feat, experts say.
January 20, 2012
IMCA Conference Comes to NYC Featuring Ezrati, GolubIMCA will bring a wealth of speakers to its Jan. 30-31 consultants conference on Times Square in New York City.
January 19, 2012
Merrill CIO: Europe Headed for Recession, U.S. Slowdown Later in 2012Europe is headed for recession, and markets in the U.S. will experience a solid first-half of the year before a significant cool-off in the second half
January 19, 2012
BofA Back in Black as Merrill Hires More FAs: Q4 EarningsBank of America said Thursday that it had net income of $2 billion for the fourth quarter of 2011 vs. a net loss of $1.2 billion in the same year-ago period, meeting analysts expectations.
January 18, 2012
AdvisorOne’s 2011 Q4 Earnings Calendar for the Finance SectorHere is AdvisorOne's calendar marking expected Q4 earnings dates for firms of greatest interest to financial advisors.
January 18, 2012
Wirehouse Market Share Declines as Firms Focus on ProfitabilityWirehouses are continuing to lose ground in asset management market share, but do they even care? A new report from financial services industry research firm Cerulli projects that the four biggest brokerage firms will remain the largest distribution channel by a factor of nearly two.