wire house
noun
a brokerage firm with branch offices connected with their main office by a private system of telephone, telegraph, and teletype wires.
wirehouse
-
a variation of
wire house.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Roughly two-thirds of those assets were managed by advisers who left to join a rival wirehouse brokerage like Morgan Stanley Smith Barney or UBS Wealth Management Americas.
From Reuters ● Jul. 5, 2012
The firm, which supports independent advisers with trading and other services, has grown rapidly in recent years as waves of brokers left "wirehouse" and regional firms to strike out on their own.
From Reuters ● Jun. 17, 2010
Clark said he did not think wirehouse brokers could be true fiduciaries because they are encouraged to sell investments and funds produced in-house by their firms.
From Reuters ● Mar. 2, 2010
Charles Schwab Advisor Services head Bernie Clark, whose unit encourages wirehouse brokers to break away, and sells trading, custody and other services to small advisory firms, sees a lot more movement in the year ahead.
From Reuters ● Mar. 2, 2010
William Schall & Co. likewise sold their membership, and sold their Boston office of E. A. Pierce & Co., credited with being the largest wirehouse.
From Time Magazine Archive
