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.
UBS to Boost Fixed Pay, Cut Bonuses in Comp Revamp
By Marion HalftermeyerThe changes come as competition for top bankers heats up, with Julius Baer and Credit Suisse recently poaching UBS teams.
October 26, 2020
Fidelity Expands Reach of Its Model PortfoliosFidelity Model Portfolios are now available to advisors on 16 platforms.
October 23, 2020
Merrill Names New Divisional ChiefThe move comes about a month after the firm restructured its advisor training group and appointed two co-heads.
October 23, 2020
FINRA Amends Sanction Guidelines to Protect Older AdultsThe revision, effective immediately, "is consistent with FINRA's view that certain investors may need additional protections," says attorney Brian Rubin.
October 23, 2020
Wells Fargo Weighs Sale of Asset Management Arm; Restructures Wealth UnitThe news comes shortly after the bank announced it had cut hundreds of jobs, including advisors.
October 22, 2020
UBS Expands Workplace Wealth Solutions: Tech RoundupAlso, LaSalle St. is the latest firm to launch a financial planning platform.
October 22, 2020
$1.1B Merrill Team Jumps to JPMorganThe four-member Campbell Group made the move in San Francisco and is led by Gwen Campbell.
October 20, 2020
UBS Wealth Reports Dwindling Advisor Headcount, Asset Outflows in AmericasThe third-quarter results contrast with figures shared by rivals Merrill and Morgan Stanley.