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.
XYPN Rules Out Supreme Court Challenge to Reg BI
By Melanie WaddellXYPN has retained industry lobbyist Duane Thompson to help push for state-level fiduciary rules.
October 08, 2020
Morgan Stanley CEO Goes Hunting Again With $7B Eaton Vance DealJames Gorman's two latest mega-deals are the largest carried out by any of the big banks in Wall Street's post-crisis reincarnation.
October 08, 2020
Should Advisors Fear BofA's New Digital Planning Tool?Life Plan is a "mixed blessing" for Merrill's Thundering Herd, says executive recruiter Mark Elzweig.
October 08, 2020
Wells Fargo Cuts More Than 700 JobsOther firms like Citigroup, Goldman Sachs and JPMorgan also have made targeted reductions.
October 08, 2020
Why Morgan Stanley's $7B Eaton Vance Deal Surprised AnalystsDeal includes Parametric — which offers separately managed accounts and direct indexing — and ESG investment provider Calvert.
October 08, 2020
LPL Adds Health Care, Benefits Programs for AdvisorsPaychex has joined LPL's Vendor Affinity Program and is offering its services with no minimum employee requirements.
October 08, 2020
FINRA Postpones Arb Hearings for Rest of 2020Arbitrators are concerned about the safety of in-person hearings, FINRA says.
October 08, 2020
Morgan Stanley to Acquire Eaton Vance in $7B DealMorgan Stanley Chairman and CEO James Gorman calls the combination "a perfect fit."