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.
Wells Rolls Out FA Retirement Program
By Janet LevauxWells Fargo Advisors launched a new program for its financial advisors specializing in retirement plans with the aim of enhancing the support they extend…
December 28, 2010
Merrill Edge: Competitive Game-Changer, Says Industry Research Firm in ReportWirehouse advisors continue to manage the bulk of U.S. client assets, says a report published Wednesday by the Boston-based Aite Group report. But online…
December 22, 2010
Broker-Dealer Stocks: Few Beat S&P in 2010Stellar performers to date this year include Ameriprise, Raymond James and Citigroup. LPL is up about 6% since its Nov. 18 IPO.
December 15, 2010
Outlook 2011, Finance Sector: KBW Eyes Bank Takeovers, Acquisitions by Big 4 BanksThe U.S. finance sector in 2011 will stop stockpiling money and start spending it, and that will include non-bank acquisitions among Big 4 banks, KBW forecast.
December 13, 2010
Wall Street Sees Record Two-Year RevenueBanning Wall Street bonuses favored by 70% of Americans. Related?
December 09, 2010
Fidelity, Wells Fargo, Merrill Top List of Firms for Account ClosuresThe main reasons for closures: Investors cite consolidation, rollovers, fees, or a need to access funds.
December 08, 2010
Morgan Stanley Sells Stake in Chinese Investment BankThe new owners include TPG Capital, which owns about 32% of LPL Financial, as well as KKR.
December 07, 2010
Citigroup Shares Rise on U.S. Treasury's Sale AnnouncementU.S. Treasury sells stake for $12 billion profit.