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.
Goldman Sachs’ Blankfein May Testify in Galleon Case
By Joyce HansonGoldman Sachs CEO Lloyd Blankfein has reportedly been called to testify in the trial against Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund.
February 22, 2011
Four Breakaway Advisors Leave Merrill for HighTowerHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.
February 22, 2011
Four Breakaway Advisors Leave Merrill for HighTowerHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.
February 18, 2011
BofA’s Krawcheck Expands Resignation Pact, Rules to Include U.S. Trust FAsThe policies affect departing U.S. Trust advisors and are not likely to be applied to Merrill reps, experts say.
February 09, 2011
Five Best Sources to Find Good Employees to Hire for Advisory FirmsFirst, reward your employees for hiring referrals, then try Craig’s List and colleges with CFP and Master’s programs . . .
February 08, 2011
UBS Veteran Hoekstra to Lead ETF Advisory FirmThe former head of UBS Wealth Management Americas will be CEO of the ETF advisory firm
February 08, 2011
2010 Q4 Earnings: UBS Americas Posts Loss Despite Continuing Net InflowsThough the Robert McCann-led unit had its fourth quarter of inflows, it failed to make a profit due to legal issues.
February 03, 2011
Raymond James Recruits Morgan Stanley, Wells Fargo FA VeteransRaymond James announced that it has hired two Baton Rouge, La.-based financial advisors, Tom Breaux and Ian James, both of them veterans of large wirehouse firms.