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.
Trading Outages at Schwab, E-Trade, TD Ameritrade, Other Platforms Irk Investors
By Jeff BermanSchwab reported an unspecified "technical issue," while Fidelity, Merrill, Robinhood and TD Ameritrade blamed high trading volumes.
November 06, 2020
UBS Slashes Asset Minimum for Robo-Advice ProgramThe wirehouse cuts the minimum for its hybrid Advice Advantage Program by 50%.
November 05, 2020
Wells Fargo to Freeze Raises for High Earners as It Limits CostsThe news comes a week after the bank did a U-turn on ending 401(k) matching contributions for some employees.
November 03, 2020
Stifel Adds 3 Merrill AdvisorsTwo advisors moved to Stifel in Dallas, while the other did so in the St. Louis area; the three had combined assets of $243 million.
November 03, 2020
Eaton Vance Wealth Unit Wraps Up Purchase of $2.3B RIAThe news comes about one month after Morgan Stanley said it was buying asset manager Eaton Vance for $7 billion.
November 02, 2020
FINRA: Ex-BofA Analyst Charged 'Adult Entertainment' on Corporate CardThe analyst charged about $21,000 at an "adult venue," FINRA says.
November 02, 2020
Commonwealth to Target Wirehouse Advisors in New Recruiting PushAfter a "rollercoaster year" for recruiting, the firm is preparing for a wave of wirehouse breakaways, Commonwealth exec Andrew Daniels tells ThinkAdvisor.
November 02, 2020
SEC Enforcement Actions Down 17% in 2020But financial remedies ordered set a new high, according to the agency's enforcement chief.