Wirehouses

Financial adviser and IBD headcounts continue to shrink as training can't catch up with the drain of talent. But how's the rest of the business faring?

A powerful shareholder thinks UBS should hive off its investment bank. Given the recent stellar performance of the company's wealth management business, this isn't such a whacky idea.

UBS AG reported improved first-quarter results for its U.S. retail-wealth-management business, with a record pretax profit of $251 million, as well as a record $9.2 billion in net new money.

Influential Sanford Bernstein bank analyst Brad Hintz thinks that the wirehouses are going to be big beneficiaries of a recovery in the retail-wealth-management industry over the next two years.

Industry growth requires a renewed commitment to investing in the next generation

Former regional director replaces Chandler, who will run wealth management.

Bank analyst sees wirehouses as big winners in wealth-management industry recovery. Light at the end of the tunnel?

Focus on wealth and asset management paying off as revamp from capital-heavy activities accelerates.

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In yet another loss in a series of raiding claims, Wells Fargo is ordered to pay Stifel Nicolaus $800K in legal fees.

Bank of America Corp. and Morgan Stanley, which have the two biggest wirehouses in the country, last week reported impressive quarterly financial results in their wealth management operations.