Wirehouses

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    Attrition and breakaways have shrunk head counts at wirehouses

    Attrition and breakaways have shrunk head counts at wirehouses, threatening the big four firms as they look to keep pace. (Plus: Our full Spotlight on Wirehouses special report)

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    John Thiel: Learn from the past or lose out in the future

    On the wall just inside the door of John Thiel's corner office in downtown Manhattan's World Financial Center hangs a framed handwritten note of encouragement from Daniel P. Tully, Merrill Lynch & Co.'s chairman until 1997. It is written on a printout of one of Mr. Thiel's first major memos to his

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    Finra arbitration panel awards $500,000 to former Morgan Stanley rep

    Broker and wirehouse embroiled in a three-year dispute over a promissory note.

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    Vanguard's new ambassador to advisers: We've earned your trust

    Thomas M. Rampulla's return to the U.S. comes after the firm recast itself as a patron of an industry that once saw it as a threat.

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    UBS' head of wealth management Bob Mulholland to retire

    Bob Mulholland, who oversaw the firm's 7,000 advisers and helped engineer a turnaround in the wirehouse's brokerage unit, will be replaced by UBS vet Brian Hull.

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    UBS advisers' comp falls amid flat revenue

    Declines in transaction revenue and slower growth in fee revenue hampered performance.

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    Widow of Home Shopping founder sues Morgan Stanley for $400M

    Lynnda Speer, widow of a Home Shopping Network co-founder, alleges excessive trading and negligent supervision by Morgan Stanley in an arbitration claim.

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    Wirehouse employees rate their firms on sites like Glassdoor.com

    Morgan Stanley chief James Gorman gets 87% approval rating on Glassdoor.com, tops among wirehouse CEOs. The firm ranked third on Vault.com among the 50 'best' banking companies in terms of quality of life and prestige.

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    Wirehouse advisers pile into euro-stock ETFs

    Currency-hedging ETF strategies are a no-brainer: Merrill Lynch portfolio manager

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    Morgan Stanley reaps benefit of comp changes in Q1 earnings

    A decline in compensation expenses in the first quarter helped the wirehouse hit its 22% profit margin target three quarters ahead of schedule. (Don't miss: The 6 highest-paid B-D executives)

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    Merrill seeks to be leader on fiduciary

    John Thiel's outspoken support of a best-interest standard and the Labor Department's effort puts pressure on peers. (See also: DOL proposes controversial fiduciary rule)

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    Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule

    At least one major industry player is taking a more welcoming stance toward working with the Labor Department as it seeks to create a rule that would hold brokers to a fiduciary standard when dealing with retirement plans.

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    Wirehouses still attracting adviser talent

    Despite increasing options in the independent space, majority of adviser moves are still among the big four.

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    Brokerage executives enjoying steadily increasing payouts

    As markets thrive and wealth management becomes a focus at major firms, brokerage execs like Morgan Stanley's Greg Fleming enjoy bigger paydays.

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    Fired $1.3B Merrill broker speaks out

    A 33-year veteran,Thomas Buck won't fight the wirehouse's allegations and is looking to move on after his sudden, unexpected termination