Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Ameriprise, Others Eyeing Wells Fargo Asset Management
By Matthew Monks and Kiel PorterThe asset management division could fetch more than $3 billion, people familiar with the matter said.
December 14, 2020
UBS Leaves Comp Plan Unchanged for 2021Wirehouse likely wants to avoid defections, as its Americas advisor headcount was 6,353 as of Sept. 30, down 274 from a year ago.
December 14, 2020
Cetera Adds $122M PracticePierson Wealth Management, led by Ivy Pierson, specializes in developing and implementing retirement and estate plans for private clients.
December 13, 2020
State Street, UBS in Discussions About Merging Asset Management Units: ReportThe talks started this year, and the two parties were near an agreement this summer, sources told The Wall Street Journal.
December 11, 2020
How Did Advisor Portfolios Perform After COVID-19 Hit? Very Well, Says InvescoThe firm's study of several hundred portfolios found that many advisors shifted allocations to investments that outperformed.
December 11, 2020
Wells Fargo Raises Monthly Comp Hurdle for 2021It's the first time since 2014 that the firm has boosted the revenue its brokers must take in before earning a higher payout rate.
December 10, 2020
FINRA Seeks SEC OK for New CE RequirementsFINRA also wants approval for a new plan allowing individuals to challenge "statutory disqualification."
December 08, 2020
Wells Fargo Facing 'Uphill Fight' Over Fed's Growth CapInvestors are optimistic the cap will be lifted soon. Regulators, and the bank itself, are more cautious.