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.
UBS Outlines Reorganization; Releases Q1'09 Results
By Janet LevauxBrokerage firm is sharpening its focus on high-net-worth clients as its growth strategy.
May 01, 2009
Getting to Know YouYou're acquainted with "The Money Honey" on TV. Now meet "The Money Lady," CFP. That's what clients' kids duly dubbed financial advisor Amber Seale, 34, because...
April 22, 2009
Morgan Stanley FAs Boost Sales in Q109Its reps now have annualized revenue of about $630,000, which is close to 20 percent drop for the previous year's $772,000 but above the $603,000 of the quarter ended December 31, 2008.
April 20, 2009
Merrill Boosts BofA's Q109 ResultsBank of America Corporation has reported first-quarter 2009 results that include Merrill Lynch, bought January 1, 2009, and Countrywide Financial, bought July 1, 2008.
April 01, 2009
Wachovia FAs Learn of New BrandAfter completing its merger with Wells Fargo, Wachovia has outlined its retention and branding efforts to advisors: Retention bonuses are not being offered, and the...
April 01, 2009
Morgan Stanley-Smith Barney Shares News on Retention 'Awards'While some Morgan Stanley-Smith Barney advisors are being offered retention "awards" in the form of forgivable loans, Wachovia advisors are not set to receive any...
March 24, 2009
Stifel Shares Details on UBS Acquisition (March 24, 2009)St. Louis-based Stifel, Nicolaus & Company says it entered a deal with UBS Financial Services to acquire up to 55 branches and 320 financial advisors from the UBS Wealth Management Americas branch network.
March 23, 2009
Have Needle, Will TailorConsultants are increasingly constructing custom target-date funds that are designed to fit the specific needs of retirement plan participants.