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.
Raymond James Women's FA Network Taps Spinelli as New Director
By Janet LevauxRaymond James hopes to boost program and the number of female advisors; it has 4,523 advisors, and 630 - or 14 percent -- are women.
June 01, 2010
Major Firms Grow Results on Strong 'Q1 MarketsFirst-quarter results at the wirehouses indicate that Morgan Stanley Smith Barney leads the pack in terms of the number of financial advisors, while Merrill Lynch...
May 27, 2010
Edward Jones Pushes to Add 1,100 FAs; A Tough Target for '10, Says ExecAt 12,743 advisors, Edward Jones is smaller than Morgan Stanley, Wells Fargo and Merrill Lynch in terms of the size of its advisor force but is ahead of independent giant LPL Financial.
May 26, 2010
Baird Adds $350 Mil Team; 4 FAs Join from Morgan StanleyBaird now includes more than 650 financial advisors, who oversaw more than $58 billion in client assets as of March 31, 2010; the majority of new FAs used to work for Morgan Stanley, Smith Barney, Merrill Lynch, UBS, Wells Fargo and Wachovia.
May 24, 2010
Point of View: Lawyer Mark Plotkin on Dodd Reform BillThe bill brings an excess of regulation at a time when the financial industry is still rebuilding, says the Washington, D.C.-based attorney, who specializes in financial services.
May 21, 2010
Senate Passes Dodd Reforms; Fiduciary Standard Not IncludedThe House financial reform bill includes a provision that will require brokers to adhere to a fiduciary duty, while the Senate bill does not.
May 20, 2010
At NAPFA Conference, Tom Bradley Tells Advisors to Put Client FirstTom Bradley had several pieces of advice for the assembled fee-only financial advisors in his keynote address to NAPFA's national conference, but the most important is also the most obvious--always put the client first.
May 13, 2010
Five Questions for a Top ExecutiveA discussion with St. Louis-based John Peluso, president of Wells Fargo Advisors Financial Network, which has more than 800 independent advisors and $40 billion in assets.