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.
RBC Recruits $1.2B All-Female JPMorgan Team
By Janet LevauxThe New York-based group includes three advisors, all of whom have been in the business for more than 20 years.
October 19, 2020
Morgan Stanley CEO Explains Thinking Behind Eaton Vance, E-Trade DealsInvestors want more choices and will take their money elsewhere if they don't get them, CEO James Gorman says.
October 16, 2020
Merrill vs. Morgan Stanley: Which Added More Assets, Advisors in Q3?Though both posted somewhat mixed results, only one of the two firms posted strong asset flows in the quarter.
October 16, 2020
Buffett Inches Toward Wells Fargo Exit as Scharf Sets CourseWarren Buffett urged Wells Fargo's board not to hire a leader from Wall Street. But it did.
October 15, 2020
CFP Board Offers Remote Testing for Next ExamOf the 2,154 candidates who took the most recent CFP test, just 6% did so remotely.
October 15, 2020
Wells Fargo Fires More Than 100 Workers for Abusing U.S. AidThe staffers made "false representations in applying for coronavirus relief funds for themselves," according to a memo.
October 14, 2020
FINRA Fines Ex-Merrill Rep Who Hid Apartment Rental BusinessThe former broker voluntarily resigned from Merrill while under internal review, FINRA says.
October 14, 2020
Wells Fargo Makes 'Sizable' Cuts to Advisor ForceThe firm's advisor headcount is down 14% from fall 2016, when the fake-accounts scandal broke.