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.
Barclays Wealth Hires Banking Chief from UBS
By Janet LevauxEarlier this year, Barclays Wealth said it planned to invest more than $1 billion globally--on top of an already planned $500 investment--to "transform itself from a top 10 wealth manager to a top tier wealth manager."
August 31, 2010
Wirehouse Assets: Still on Top, But Losing Market ShareThe four largest broker-dealers have about 60%, or $1.1 trillion, of the industry's managed assets, down from 64% last year, according to a recent study.
August 30, 2010
Wirehouse Watch: Why Merrill's Results Top Morgan Stanley'sProfits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.
August 27, 2010
Using Managed Futures in Rough Markets - Part IA little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say.
August 26, 2010
Raymond James Adds Board Member, Pays DividendThe board also approved bylaw amendments related to the separation of CEO and chairman offices.
August 24, 2010
Morgan Stanley Adds Team from Wells, Faces FineBoca Raton-based advisor team with $100 million-plus in assets joins MSSB a few days after FINRA fined the broker-dealer $800,000.
August 23, 2010
Columbia-RiverSource to Streamline 62 FundsThe proposed mergers are part of Ameriprise's acquisition of the asset management business, which has about $330 billion in AUM.
August 16, 2010
Five Questions for a Top RecruiterThe first six months of the year was relatively slow as so many advisors had moved last year and because of retention packages keeping...