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.
Merrill to Pay Record $26M to Settle Churning Case
By Jeff BermanThe firm failed to supervise an ex-broker who allegedly traded excessively in clients' accounts without authorization, New Hampshire regulators say.
December 03, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Took Client Info to New FirmThe rep was suspended for 10 days and fined $5,000 for alleged actions when leaving to join Raymond James.
December 03, 2020
Bestow to Acquire Iowa-Based Insurer: DealsAmeriLife, Milliman, MIB, Newcleus and NFP also have deal news.
December 03, 2020
Morgan Stanley Expanding Estate ServicesWirehouse's team of 25 staff provides "concierge support" for clients when there's a death, says Field Strategic Services chief Lisa Golia.
December 02, 2020
What's Driving Wealth Management's Future?Here's where the industry's seen the biggest change in the past decade, and what might come next for financial advisors.
November 25, 2020
BofA Jolts Group With Flat Bonus Pool in Omen for Wall StreetBank of America leaders weigh rewards against the pandemic's strains, triggering outrage among those expecting to be paid handsomely for a banner year.
November 25, 2020
How to Convince Clients That Downturns Are OpportunitiesWhen markets turn volatile, it's "natural" for investors to get nervous, but research shows advisors can help them adjust in beneficial ways.
November 24, 2020
Appeals Court Disregards FINRA Rule in CCO CaseDecision raises questions about how FINRA will charge firms and compliance officers for "should have known" violations, Eversheds' attorneys say.