Wirehouses

Updated Thursday, May 23, 2013 as of 11:46 AM ET

Industry - Wirehouses

Wells Fargo expanded its ranks in Ohio with the addition of a former Edward Jones advisor to the employee channel.

Jeremy Baynes, an industry veteran with 11 years of experience, has joined as associate vice president � investments. He moved along with his client associate Cherie Harris. more »

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The Rise of the Boutiques

Boutique and hybrid models are poised for growth as larger firms cede market share, according to a new Cerulli report more »

Janney Nabs 2 from Morgan Stanley

Janney has picked up a former Morgan Stanley duo with over $1.5 million in production. more »

Goldman Joins Bulge Brackets Offering Retail Alt Funds

To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds. more »

Wall Street Wins Rollback in Dodd-Frank Swap-Trading Rules

JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world's largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition. more »

Krawcheck to Acquire 85 Broads From Former Goldman Executive

Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders. more »

Wall Street Internships Offer NFL Players Option When Game Ends

Thomas Welch knows there’s a better chance he will be fired than retire. So he spent his vacation interning at Merrill Lynch Wealth Management to prepare for a second career to sustain him for the next 40 years. more »

Brokers Go Gray as Youth Stays Away

Breaking into the brokerage business is getting tougher as declining fees make small accounts less profitable and government restrictions on unsolicited calls make phone sales taboo. That’s leaving big firms struggling to replace a retiring generation of advisors. more »

Goldman Gets Real About Returns

Goldman Sachs has filed to launch the Multi Asset Real Return Fund. The fund seeks real return by investing in inflation-sensitive assets. more »

Goldman Sachs Investors Should Oppose Pay Plan, Glass Lewis Says

Goldman Sachs has been “deficient” in linking compensation to company performance, Glass Lewis said in a report, which also opposed the re-election of compensation committee Chairman James A. Johnson. ISS said in a May 8 report that shareholders should vote for Johnson at the New York-based bank’s May 23 annual meeting. more »

Morgan Stanley Expands Debt Purchases as Brokerage Adds Deposits

Morgan Stanley is expanding the types of debt it buys as deposits increase with the purchase of its brokerage venture and interest rates remain near record lows. more »

Morgan Stanley Nabs 2 Advisors

The new hires join the firm in Jackson, Tenn., and Mount Kisco, N.Y. more »

Merrill Lynch Names Chhabra to Chief Investment Officer Role

Merrill Lynch Wealth Management has tapped Ashvin Chhabra to serve as chief investment officer and head of Investment Management and Guidance. more »

Credit Suisse Sues Former Executive Who Left for Goldman Sachs

Credit Suisse Group AG sued its former vice president of emerging markets, Agostina Pechi, over claims she stole the bank’s trade secrets in a bid to win clients for her new employer, Goldman Sachs Group Inc. more »

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