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.
Morgan Stanley to Fire 200-300 FAs; Considering New Name for Unit
By Janet LevauxMorgan Stanley Smith Barney is letting several hundred lower-producing advisors go and may drop “Smith Barney” from the unit’s name.
February 23, 2011
Baird Adds 7 Advisors in Midwest, Southeast From Morgan StanleyThree FAs join Baird from Morgan Stanley Smith Barney in Sioux City, Iowa, while three others come on board in Charleston, S.C. and one more in Charlotte, N.C.
February 23, 2011
Baird Adds 7 FAs in Midwest, Southeast from Morgan StanleyThree FAs join Baird from Morgan Stanley Smith Barney in Sioux City, Iowa, while three others come on board in Charleston, S.C. and one more in Charlotte, N.C.
February 22, 2011
Four Breakaway Advisors Leave Merrill for HighTowerHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.
February 22, 2011
Four Breakaway Advisors Leave Merrill for HighTowerHighTower, led by Elliot Weissbluth, is expanding once again with the Simmons Wilkes Group, a breakaway team from Merrill Lynch Wealth Management.
February 18, 2011
BofA’s Krawcheck Expands Resignation Pact, Rules to Include U.S. Trust FAsThe policies affect departing U.S. Trust advisors and are not likely to be applied to Merrill reps, experts say.
February 09, 2011
Five Best Sources to Find Good Employees to Hire for Advisory FirmsFirst, reward your employees for hiring referrals, then try Craig’s List and colleges with CFP and Master’s programs . . .
February 08, 2011
UBS Veteran Hoekstra to Lead ETF Advisory FirmThe former head of UBS Wealth Management Americas will be CEO of the ETF advisory firm