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.
Wells Fargo: Q2'10 Advisor Total Makes It No. 3
By Janet LevauxWells Fargo Advisors' latest headcount of 15,102 puts it behind Morgan Stanley Smith Barney's 18,087 and Bank of America-Merrill Lynch's 15,142.
July 16, 2010
Bank of America Profits Fall as Merrill Boosts Advisor Headcount, Fees & Income in Q2Merrill Lynch has 15,142 financial advisors vs. 15,005 in the previous quarter and 15,008 a year ago.
July 15, 2010
Financial Reform Bill and the Fiduciary Standard for BrokersFinancial advisors don't have to give advice, but for those who do, there's no need to be afraid of fiduciary duty to clients.
July 15, 2010
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILLBill heads for President Obama's signature; the $19 billion Wall Street reform will be covered by ending the Troubled Asset Relief Program (TARP) and by charging an extra premium to large banks by the Federal Deposit Insurance Corp. (FDIC).
July 15, 2010
Moving Client Assets: The Good, the Bad and the UglyChanging firms is no longer a one-size-fits-all affair when it comes to the transfer of assets under management.
July 14, 2010
Financial Firms Geared Up for Q2'10 Earnings SeasonCharles Schwab, JP Morgan, Bank of America and Citigroup report earnings this week.
July 13, 2010
Financial Reform: Passage This Week, Senate Sources PredictThree key Republican Senators now on board to support the bill.
July 13, 2010
SEC's CIO to RetireCharles Boucher, head of IT for the Securities and Exchange Commission and a former Morgan Stanley executive, is set to leave the financial-services field.