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.
'One Bad Rule After Another': Top Democrat Takes SEC's Clayton to Task
By Melanie Waddell"It doesn't seem like you have any way to tell if this rule will help at all," Sen. Sherrod Brown said of Reg BI.
November 16, 2020
Fidelity Rolls Out Comprehensive Wealth Platform for AdvisorsThe Fidelity Managed Account Xchange (FMAX) is available to RIAs, family offices and BDs.
November 13, 2020
SEC Hits Ex-Wells Fargo CEO Stumpf With $2.5M FineStumpf and Carrie Tolstedt, the former head of Wells Fargo's Community Bank, were sanctioned for allegedly misleading investors.
November 12, 2020
Wells Fargo Explores Selling Private-Label Card UnitThe bank also is mulling sales of a $607 billion asset manager, corporate-trust unit and $10 billion student-loan portfolio.
November 10, 2020
TD Ameritrade, Robinhood Trading Outages Continue Into Second DayThe brief Robinhood outage Tuesday morning was "completely resolved," the company says.
November 09, 2020
Merrill's Andy Sieg: Diversity Is a 'Commercial Imperative'The Merrill Lynch Wealth Management head tells ThinkAdvisor about the progress Merrill has made in recent years and why it isn't enough.
November 09, 2020
Trading Outages at Schwab, E-Trade, TD Ameritrade, Other Platforms Irk InvestorsSchwab reported an unspecified "technical issue," while Fidelity, Merrill, Robinhood and TD Ameritrade blamed high trading volumes.
November 06, 2020
Cetera Added 62 Advisors in Q3It added financial professionals from more than 20 independent and wirehouse rivals.