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.
BofA-Merrill Lynch Rolls Out 'Merrill Edge' Discount-Trading Platform
By Janet LevauxMerrill Edge aims to help Merrill Lynch clients who want to make some of their own trades and attract younger, up-and-coming investors to the brokerage firm.
June 07, 2010
LPL Financial's IPO & Its Impact: Beating the Brokerage CompetitionWith 12,026 advisors, LPL Financial is the fifth-largest U.S. broker-dealer. Its IPO and growth plans could allow it to surpass its larger publicly traded wirehouse rivals (Morgan Stanley, Merrill Lynch and Wells Fargo) within a year or two, experts say.
June 03, 2010
Barclays' New Wealth Management Exec: Steve Houston, a Merrill VeteranBarclays Wealth, which bought part of Lehman Brothers in 2008, now has about 250 advisors in the Americas, and a total of 1,680 FAs worldwide.
June 02, 2010
Raymond James Women's FA Network Taps Spinelli as New DirectorRaymond James hopes to boost program and the number of female advisors; it has 4,523 advisors, and 630 - or 14 percent -- are women.
June 01, 2010
Baird Gets Four Ex-UBS FAs; Team Managers $160 MillionNow with more than 650 advisors, Baird keeps recruiting FAs and branch managers from Morgan Stanley, Merrill Lynch, Wells Fargo and other firms.
June 01, 2010
Model Non-EmployeesAfter last year's banner surge, independent broker-dealers have seen a sharp falloff in new advisors. The question that begs asking: Has the RIA marketplace stolen...
June 01, 2010
Major Firms Grow Results on Strong 'Q1 MarketsFirst-quarter results at the wirehouses indicate that Morgan Stanley Smith Barney leads the pack in terms of the number of financial advisors, while Merrill Lynch...
May 27, 2010
Edward Jones Pushes to Add 1,100 FAs; A Tough Target for '10, Says ExecAt 12,743 advisors, Edward Jones is smaller than Morgan Stanley, Wells Fargo and Merrill Lynch in terms of the size of its advisor force but is ahead of independent giant LPL Financial.