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.
Wirehouse Firms Share First-Quarter Results
By Janet LevauxMorgan Stanley reported adjusted first-quarter net income of $966 million, or $0.50 per share, compared with income of $1.8 billion, or $1.03 per share,…
May 26, 2011
Morgan Stanley to Allow Some Social Media UseAbout 600 Morgan Stanley financial advisors can use LinkedIn and Twitter starting in June -- but not Facebook.
May 23, 2011
China Development Bank Set to Buy Stake in U.S. Buyout Firm TPG CapitalThe investment unit of China Development Bank Corp. was reported on Monday to have agreed to purchase a stake in U.S. buyout firm TPG Capital.
May 23, 2011
BlackRock Launches Private Equity Unit Run by Merrill Lynch VeteransBlackRock has added private equity to its alternative offerings by adding three veterans of Bank of America’s Merrill Lynch Global Private Equity.
May 20, 2011
Wirehouse Model ‘Strikes Back,’ Says FRC AnalystWhen it comes to gathering, managing and holding assets, the four wirehouse firms are “striking back,” against a bearish mentality, according to Robert Martorana, the author of a recent FRC study on the four largest broker-dealers.
May 19, 2011
BlackRock Buys Back BofA’s $2.5 Billion StakeBlackRock and Bank of America have struck a deal for the world’s largest money manager to buy back BofA’s $2.5 billion share in the company.
May 18, 2011
Ex-UBS Chief Grano on Wirehouses: ‘They’ve Lost Their Way’The former head of UBS-PaineWebber also says that the breakaway-broker trend is likely to continue
May 16, 2011
Clients Seek Advisors' Help in Hedging Risk: Aberdeen, Options Council SurveysInvestors’ growing risk appetite has advisors making more aggressive market plays, Aberdeen Asset Management and Options Industry Council surveys show.