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.
Merrill Lynch Boosts Client Minimum, Earns Expert’s Kudos
By Janet LevauxThe move to raise the minimum household asset level to $250,000 comes as the Bank of America unit seeks further ways of increasing profits for its high-net-worth and mass-affluent operations.
December 23, 2011
Another Judge Challenges SEC SettlementMilwaukee Judge Randas objections are reminiscent of Judge Rakoffs criticisms of the SECs settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
December 22, 2011
UBS’ Santucci on Training, Recruiting: Weekend InterviewPaul Santucci, the wealth-management COO for UBS, shares his views on how UBS continues to attract new reps as well as veterans from rival firms.
December 22, 2011
Bank of America in $335 Million Settlement Over Countrywide LoansThe DOJ says it's the largest settlement in history over residential fair lending practices.
December 22, 2011
UBS Lifts $800M Merrill Team, $375M Morgan Stanley GroupBob McCann continues to work his recruiting magic as head of the Swiss-based banks U.S. unit.
December 21, 2011
Ameriprise Adds Morgan Stanley, Other Reps With $565M in AssetsIndependent and employee advisors join Ameriprise Financial in California, New Jersey and Oklahoma
December 20, 2011
Raymond James Adds $425M-plus FAs From Merrill, UBS and Morgan StanleySeven advisors with more than $425 million in assets joined the employee channel of Raymond James in Virginia and Florida.
December 20, 2011
Fixing the 3 Top Mistakes Advisors Tend to Make With Their ClientsAre you enabling your clients to focus on the wrong measures of satisfaction with you and what you offer them? Three common mistakes, and how to ameliorate them for your benefit and your clients'.