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.
2010 Q4 Earnings: Invesco Profits Rise 44% in Mixed Performance
By Joyce HansonInvesco reported higher Q4 earnings but disappointed analysts as stronger stock market results were tempered by fallout from the acquisition of Morgan Stanley’s mutual-funds business.
January 25, 2011
Merrill to Pay $10 Million to Settle SEC Fraud ChargesMerrill Lynch is paying a $10 million fine to settle civil securities fraud charges by regulators who accused the firm of misusing customers' order data to make trades for its own account and for failing to disclose trading fees.
January 25, 2011
Baird Hires Morgan Stanley Branch ManagerChris Brewster is joining Baird in Columbus, Ohio, from Morgan Stanley Smith Barney.
January 21, 2011
2010 Q4 Earnings: BofA Misses Estimates; Merrill Adds AdvisorsWealth-management sales rise; Merrill Lynch's FA headcount increases to nearly 15,500.
January 20, 2011
2010 Q4 Earnings: Morgan Stanley’s Net Income Makes Big Jump on Strong SalesAdvisors with Morgan Stanley Smith Barney had $14.1 billion in net new client assets in the fourth quarter
January 20, 2011
Wirehouse Recruiting Packages: No Smoke and MirrorsThese 250-350% deals may include lofty goals, but the parameters are clear upfront.
January 19, 2011
Citigroup Names New President, COO One Day After Q4 Earnings ReleaseA day after announcing disappointing yet profitable earnings, Citigroup CEO Vikram Pandit said John Havens, CEO of Citi’s investment bank, will become the bank’s president and COO.
January 19, 2011
2010 Q4 Earnings: Goldman Sachs Profits Plummet 53%Goldman Sachs' Q4 2010 earnings report met analysts’ expectations but disappointed them just the same because the Wall Street giant’s earnings dropped 52% from a record high in 2009.