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.
SEC's CIO to Retire
By Janet LevauxCharles Boucher, head of IT for the Securities and Exchange Commission and a former Morgan Stanley executive, is set to leave the financial-services field.
July 01, 2010
LPL Financial Shares IPO Plans; On Track to Rival WirehousesLPL Financial filed statements with the SEC in early June 4 to go public with an estimated $600-million stock offering. The independent broker-dealer has 12,026 independent...
June 24, 2010
REFORM DEAL: Fiduciary Standard Can Apply to BrokersIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.
June 21, 2010
BofA-Merrill Lynch Rolls Out 'Merrill Edge' Discount-Trading PlatformMerrill Edge aims to help Merrill Lynch clients who want to make some of their own trades and attract younger, up-and-coming investors to the brokerage firm.
June 16, 2010
Barclays Wealth Adds Advisor from Morgan StanleyBarclays Wealth, which bought part of Lehman Brothers in 2008, now has about 250 advisors in the Americas, many of whom are veterans of Merrill Lynch, Morgan Stanley and UBS.
June 09, 2010
Paulson Praises Advisors: 'Heroic' During CrisisIn terms of financial reform, Paulson says our priority should be on developing a "systematic risk regulator" that can intervene "when the system is threatened."
June 07, 2010
LPL Financial's IPO & Its Impact: Beating the Brokerage CompetitionWith 12,026 advisors, LPL Financial is the fifth-largest U.S. broker-dealer. Its IPO and growth plans could allow it to surpass its larger publicly traded wirehouse rivals (Morgan Stanley, Merrill Lynch and Wells Fargo) within a year or two, experts say.
June 03, 2010
Barclays' New Wealth Management Exec: Steve Houston, a Merrill VeteranBarclays Wealth, which bought part of Lehman Brothers in 2008, now has about 250 advisors in the Americas, and a total of 1,680 FAs worldwide.