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 Grabs 4 Merrill Advisors in California, Florida
By Janet LevauxThe FAs have total yearly production of $2.1 million and assets of $800 million
July 28, 2011
Raymond James Exec Upbeat on FA Growth, Praises Morgan KeeganRaymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, but a merger or acquisition is not out of the question.
July 26, 2011
MSSB Taps Former-Merrill Exec for Regional PostMorgan Stanley Smith Barney named Devon Baranski, formerly of the Merrill Lynch Private Banking and Investment Group (PBIG), as the new head of its ultra-high-net-worth…
July 26, 2011
Raymond James Settles ARS IssuesRaymond James reached an agreement with state securities regulators and the SEC in late June over sales of auction rate securities. As part of the deal,…
July 26, 2011
Hard Time for BDs on the Block to Find SuitorsWhile rumors persist about possible suitors for Securities America, Morgan Keegan and other broker-dealers on the market, experts say the pool of buyers…
July 26, 2011
Mastering Social MediaIn a sign of the times, 600 advisors at an Investment Management Consultants Association conference recently crammed into a training session called “Get Linked In, Not Left Out: Compliance Friendly Ways to Harness Social Media’s Power in Your Practice.” That’s no typo: 600.
July 26, 2011
BofA to Expand Merrill Edge AdvisorsBank of America said in mid-June that it planned to nearly double the number of Series 7 financial advisors serving its mass-affluent Merrill Edge client…
July 26, 2011
Q2 Earnings: UBS Misses Estimates, Says Americas Unit Not for SaleNumber of UBS advisors and net new assets rises in the United States and Latin America in Q2 even as the bank missed its earnings estimates.