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.
Robert McCann Goes to UBS as Merrill Lynch Re-Launches Brand
By Janet LevauxAfter several months of speculation and a legal dispute with his former employer, Bank of America-Merrill Lynch, Robert J. McCann is now CEO of...
October 01, 2009
Citi to Sell Smith Barney StakeCitigroup CEO Vikram Pandit has confirmed that the bank expects to eventually sell the remaining stake in its Smith Barney brokerage venture.
October 01, 2009
Gorman Tapped as Morgan Stanley CEOMorgan Stanley's Board of Directors has announced that Co-President James P. Gorman will become the firm's CEO, effective January 1, 2010, while Chairman and CEO...
October 01, 2009
McCann, BofA in Legal DisputeLawyers for Bank of America and former Merrill Lynch & Co brokerage chief Robert McCann have reportedly been in talks to resolve his lawsuit...
October 01, 2009
$800 Billion to Move, According to CerulliWirehouses are set to lose the most clients, while RIAs and dually registered advisors will be the greatest recipients, according to the research firm's latest...
October 01, 2009
High-End ServiceOpus Group at Morgan Stanley Smith Barney; San Francisco; AUM: $4 billion. Grant W. Lee, DIRECTOR of WEALTH MANAGEMENT, SENIOR INSTITUTIONAL CONSULTANT, CORPORATE CLIENT GROUP DIRECTOR. Tony daRoza,...
October 01, 2009
The Compensation ConversationWhen it comes to compensation, most advisors will be delighted to put 2009 in the rear view. After all, industry experts are predicting that...
October 01, 2009
Wells Fargo Doubles Recruiting; Starts a New Ad CampaignWells Fargo Advisors Recruited 545 veteran financial advisors in the first eight months of 2008 and has nearly doubled that figure in the same period...