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 to Allow Some Social Media Use
By Janet LevauxAbout 600 Morgan Stanley financial advisors can use LinkedIn and Twitter starting in June -- but not Facebook.
May 20, 2011
Wirehouse Model ‘Strikes Back,’ Says FRC AnalystWhen it comes to gathering, managing and holding assets, the four wirehouse firms are “striking back,” against a bearish mentality, according to Robert Martorana, the author of a recent FRC study on the four largest broker-dealers.
May 19, 2011
BlackRock Buys Back BofA’s $2.5 Billion StakeBlackRock and Bank of America have struck a deal for the world’s largest money manager to buy back BofA’s $2.5 billion share in the company.
May 18, 2011
Ex-UBS Chief Grano on Wirehouses: ‘They’ve Lost Their Way’The former head of UBS-PaineWebber also says that the breakaway-broker trend is likely to continue
May 16, 2011
Clients Seek Advisors' Help in Hedging Risk: Aberdeen, Options Council SurveysInvestors’ growing risk appetite has advisors making more aggressive market plays, Aberdeen Asset Management and Options Industry Council surveys show.
May 16, 2011
Morgan Stanley Adds Teams From UBS, AmeripriseThe teams previously had more than $315 million in combined assets and $2.7 million in yearly fees and commissions
May 12, 2011
Baird Hires Morgan Stanley Exec as New Regional DirectorMichael J. Schroeder, president of Baird’s private-wealth group, also announced several changes to its management team.
May 02, 2011
Raymond James, Baird Add Advisor Teams From Morgan Stanley, as Ameriprise Grabs Merrill FAsRaymond James could bring in $415 million in client assets, Baird $400 million and Ameriprise some $250 million by attracting these wirehouse brokers.