BusinessAugust 23, 2026

wirehouse

WYE-er-house

Definition

A large, traditional, full-service financial brokerage firm with significant capital, extensive infrastructure, and often centralized, bureaucratic management.

Etymology

Derived from the historical practice of telegraphing stock prices to branch offices via wires, the term emerged in the mid-20th century to describe the massive, branch-heavy national investment firms that dominated the industry.

In the news

The article uses the term to represent the scale and technological resources that large, established financial firms possess, which OneSeven aims to provide to smaller, independent advisors without the associated corporate bureaucracy.

Tony Sirianni Sits Down with Todd Resnick, CEO of OneSeven

Read the full article ↗

AdvisorHub

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