Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance A major brokerage company, generally nationwide, with multiple branches.
- noun finance, obsolete A brokerage company with a telegraph line, telephone line, or electronic communication network.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Quotation: Recruiters said although there has been a spike this year in disenfranchised advisers going independent, the vast majority of those on the move simply go to another "wirehouse" - a term used to describe large, full-service brokerages.
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Wells Fargo, which has $1.3 billion in client assets, is the third-largest among the so-called wirehouse brokerages, trailing only Morgan Stanley Smith Barney and Bank of America
Wells Fargo Would Be Open to a Brokerage Purchase, Stumpf Tells Conference - Bloomberg 2010
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Wells Fargo has $1.3 trillion in client assets under management, according to Bloomberg, making it the third-largest among so-called wirehouse brokerages behind Morgan Stanley Smith
Wells Fargo eyes wealth-management expansion | Charlotte Business Journal 2010
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The biggest gains for Sun Life came in the so-called wirehouse distribution channel, which relies on financial advisers to sell variable annuity products to clients.
Boston Business News - Local Boston News | Boston Business Journal 2009
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The biggest gains for Sun Life came in the so-called wirehouse distribution channel, which relies on financial advisers to sell variable annuity products to clients.
Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals 2009
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The biggest gains for Sun Life came in the so-called wirehouse distribution channel, which relies on financial advisers to sell variable annuity products to clients.
Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal 2009
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The biggest gains for Sun Life came in the so-called wirehouse distribution channel, which relies on financial advisers to sell variable annuity products to clients.
Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal 2009
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Wells Fargo, which has $1.3 trillion in client assets, is the third-largest among the so-called wirehouse brokerages, trailing only Morgan Stanley Smith Barney and Bank of America Corp.'s Merrill Lynch.
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The term "wirehouse" refers to large brokerage companies that in an earlier time were the only ones with access to high-speed communications.
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Between November 2008 and last month, some 1,500 brokers fled "wirehouse" brokerages, as the big financial institutions are known, to work for boutique independent firms, according to data from industry tracker Discovery.
arabnews - frontpage 2010
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