Wirehouses

Will the trickle of advisors leaving Barclays for rival firms turn into a flood?

The advisor managed nearly half a billion dollars in client assets while at Barclays.

With the addition of the new recruits, Faubourg Private Wealth Advisors now has seven former J.P. Morgan advisors.

Two UBS advisors left the Swiss-owned wirehouse to rejoin Merrill Lynch.

Though the firm's revenue growth was tepid, the advisor ranks at the wirehouse expanded by 187 advisors, according to Bank of America which reported second quarter earnings for its wealth management unit.

Advisors failed to win FINRA arbitration case for compensatory damages in excess of $5 million for a number of grievances.

After announcing 11% growth in net income for the wirehouse's brokerage unit, Wells Fargo executives told analysts that they are thinking of launching a robo advisor.

Barclays lost another team, this time to Morgan Stanley, while its deal to sell its U.S. wealth management operations to Stifel is pending.

The wirehouse rolled out a new advertising campaign aiming to bolster its image in the eyes of clients as a goals-based wealth management firm.

The moves represent another blow to Barclays, which lost five advisors in advance of a pending deal to sell its U.S. wealth management operations to Stifel.

Two advisors go independent with Raymond James, looking to structure their practice without wirehouse limitations.

A recruit who worked with $658 million in client assets moves between the wirehouses.

Advisors aren't so happy this year, in particular due to changes in comp plans and subpar leadership, according to the new J.D. Power study.

A trio of advisors leaves the wirehouse for the independent channel at Raymond James.

Rival Edward Jones has grown and wants to keep on growing.

Customers continue to be underwhelmed by banks’ customer service. Even worse, young customers see very little difference in services from one bank to another.

The wirehouse lured away a team that managed $750 million from Barclays, which recently announced a deal to sell its U.S. wealth management division to Stifel.

The wirehouses aren't fading yet, but many independents argue that these firms will need to change dramatically to retain market share.

Merrill Lynch lured back three advisors after seven years with rival UBS.

Things have changed and will continue to do so; advisors shouldn't be deterred.