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.
2011 Q1 Earnings: Bank of America EPS Disappoints; Merrill Profits Up 68.6%
By Joyce HansonBank of America reported disappointing Q1 2011 earnings, but the GWIM unit saw one of its strongest quarters since the acquisition of Merrill Lynch.
April 08, 2011
Case of UBS vs. Morgan Stanley FA Sheds Light on Broker ProtocolPatrick 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.
April 06, 2011
2011 Q1 Earnings Preview: Asset Manager Outlook Overshadows Big BanksAs Q1 2011 earnings season begins, portfolio manager Richard Levine of Neuberger Berman Income Equity Fund expects good news from the finance sector.
April 06, 2011
Wells Fargo Settles With SEC on Wachovia; Zuni Tribe, Investors to Get $7.4 MillionThe SEC said Tuesday that Wells Fargo agreed to pay more than $11 million to settle charges that Wachovia engaged in misconduct in the sale of two CDOs.
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