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.
Case of UBS vs. Morgan Stanley FA Sheds Light on Broker Protocol
By Janet LevauxPatrick Burns, a California attorney, warns advisors to carefully select the client information they take with them when switching firms, following the case of UBS Financial Services Inc. v Peter N. Junggren, Jr., who recently joined Morgan Stanley Smith Barney and is now subject to a temporary restraining order.
March 31, 2011
BofA, Krawcheck Narrow Search for New Merrill HeadTwo senior executives and two regional directors are reportedly in the running for the top Merrill Lynch post.
March 25, 2011
Baird Taps More Wirehouse Staff, Open to IBD HiresWhile Baird has lately hired Morgan Stanley and Wells Fargo FAs, Baird's Matt Curley would consider Securities America and other independent advisors.
March 16, 2011
Palmer Square Hires JPMorgan Trading Head, and Founder's Wife, as CIOAngie Knighton Long will join her husband, who's the founder, at the Kansas-based capital management firm.
March 11, 2011
JPMorgan Chase Exorcised by Foreclosure-Fearing ClergyA group of clergy collected at the Park Avenue headquarters of JPMorgan Chase, where they performed an exorcism to push the bank to change its foreclosure policies
March 11, 2011
BofA Won't Extend 'Garden Leave' to Merrill AdvisorsBank of America has informed its Merrill Lynch advisors that, unlike their counterparts at U.S. Trust, they will not be asked to sign an agreement and go on reduced-pay “garden leave” if they resign, a company spokesperson confirmed Friday. Plus, the Bank of America-U.S. Trust unit hires 6 advisors from...
March 09, 2011
Morgan Stanley to Fire 200-300 FAs; Considering New Name for UnitMorgan Stanley Smith Barney is letting several hundred lower-producing advisors go and may drop “Smith Barney” from the unit’s name.
March 09, 2011
Raymond James Hires 2 UBS Advisors in S.C.Carolyn Edwards and Roy Seay, with $125 million in assets and $850,000 in yearly sales, are joining RJA in Mount Pleasant, South Carolina