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 Doubles Recruiting; Starts a New Ad Campaign
By Janet LevauxWells Fargo Advisors Recruited 545 veteran financial advisors in the first eight months of 2008 and has nearly doubled that figure in the same period...
September 22, 2009
Advisors, Assets in MotionAfter the financial turmoil of 2008, the consultancy Cerulli predicts more than $800 billion will be transferred between distributors in 2009 as a result of advisors changing firms.
September 22, 2009
What Advisors Can Teach the SECInstead of lashing out at broker-dealers, the SEC should begin to examine how the brokerage industry has moved ahead of the curve to re-shape recruitment packages and to tie performance and asset retention to bonuses.
September 21, 2009
McCann Upbeat about Brokers; Hoping for One Set of RulesHe believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.
September 10, 2009
Gorman to Lead Morgan Stanley; Should Become CEO in 2010Leader of Morgan Stanley venture with Smith Barney and 18,450 advisors will also serve on firm's board of directors.
September 03, 2009
Morgan Stanley, Ratings Groups Face Fraud Claims on SubprimeIn the New York case, the plaintiffs claim Morgan Stanley wrongly marketed Cheyne as a high-quality investment, and that the rating agencies assigned improperly high ratings.
September 01, 2009
Schapiro Message to B-D CEOs: Watch Your Recruiting TacticsBroker-dealers must fulfill their supervisory duties and compliance role as they make upfront and ongoing promises to advisors.
September 01, 2009
Morgan Stanley Smith Barney: New ETF Policy, 2Q'09 ResultsMorgan Stanley Smith Barney says it is placing certain restrictions on the sale of leveraged, inverse and leveraged-inverse exchange-traded funds (or ETFs) in response to...