Wirehouses

Updated Thursday, June 20, 2013 as of 1:43 AM ET

Industry - Wirehouses

Raymond James Hires Merrill Lynch Veteran

Raymond James announced Wednesday it hired Claire Friedrichs as first vice president of investments.

The $412 billion AUM broker-dealer, in an effort to boost its network of women advisors, snagged Friedrichs from her eight-year tenure at Merrill Lynch. more »

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Janney Adds Advisors from Morgan Stanley, Ameriprise

The firm snapped up two Morgan Stanley advisors and former branch manager at Ameriprise. more »

Raymond James Recruits Morgan Stanley Team

Less than a week after landing another Morgan Stanley advisor, Raymond James has lured a Midwestern group with over $240 million in assets under management from Morgan Stanley to its independent-broker dealer. more »

Wells Fargo Hires 9 Advisors

Wells Fargo Advisors has hired nine financial advisors from Morgan Stanley, Merrill Lynch and RBC Capital Markets with $1.12 billion in assets under management. more »

Veteran Wirehouse Advisor Joins Wells Fargo’s Independent Business

John David “J.D.” Joyce and his team moved to Wells Fargo Advisors Financial Network in Houston on May 23. more »

Gorman Sees 23% Morgan Stanley Brokerage Margin as Markets Rise

Morgan Stanley Chief Executive Officer James Gorman said his firm’s wealth-management unit can earn a pretax margin of more than 23 percent by 2015 as interest rates and stock markets climb. more »

Morgan Stanley’s Gorman Seeks Higher Fixed-Income Trade Returns

Morgan Stanley has a plan to boost return on equity in fixed-income trading above its cost of equity after four of the five units failed to meet that metric last year, Chief Executive Officer James Gorman said. more »

UBS Drills Down on Financial Plans

UBS gave its force of about 7,000 U.S.-based advisors new compensation incentives to use financial plans with clients this year. The plan increases the pay their financial advisors receive when creating those plans, and has resulted in an uptick in their adoption so far this year more »

Morgan Stanley Hires 3 With $3.7M In Production

Morgan Stanley has turned to Wells Fargo and UBS for new advisor hires for the second time this month. more »

Raymond James Nabs Morgan Stanley Vet

A $1 million producer has jumped from Morgan Stanley to Raymond James in Columbus, Ga. more »

Glass Ceiling for Women in Financial Services?

The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones. more »

Stifel Expands in Florida with 2 UBS Advisors

Stifel nabbed two UBS advisors and opened a new office in Tampa, Fla. more »

UBS Hires Hilliard Lyons Advisor

UBS Wealth Management Americas has picked up a financial advisor from regional wealth management firm Hilliard Lyons with $475 million in assets under management. more »

Wirehouse Advisors Most Receptive To Asset Management Pitches

Are you a wirehouse advisor with at least $93 million in assets under management? Then you are the kind of advisor asset management distributors most want to reach. more »

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