A wirehouse wealth management firm is a large, national brokerage firm that offers a wide range of financial services, including investment management, financial planning, and wealth advisory services. The term “wirehouse” originates from the early days of the financial industry when private telegraph wires connected firms to execute trades and share information.
Wirehouses are known for their extensive resources, global reach, and ability to offer various financial products and services. They often cater to high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients and institutional investors.
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