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.
Morgan Stanley to Pay $5M Over Reg SHO Violations
By Jeff BermanThe structure of the firm's prime brokerage swaps business resulted in rule violations, the SEC said.
September 25, 2020
Raymond James Reports Big Jumps in Fee-Based Assets, CashThe results were reported a week after the firm announced layoffs of 500 staffers.
September 25, 2020
Envestnet, Wells Fargo Clinch Data Sharing DealEnvestnet | Yodlee previously signed data sharing deals with Charles Schwab, Citi and JPMorgan Chase.
September 25, 2020
FINRA Moves Ahead on Expungement ChangesThe changes fill holes in the process, but expungement shouldn't be handled by arbitrators at all, investor lawyers say.
September 24, 2020
The Ex-UBS Broker Who Helps White-Collar Felons Prepare for PrisonJustin Paperny, who did time himself, counts an increasing number of financial advisors among his clients, he tells ThinkAdvisor.
September 24, 2020
13 Highest Paid CEOs in Financial Services: 2020The top leader on this list, a wirehouse executive, earned 550 times the median employee in 2019.
September 24, 2020
Which BDs Are Weakest, Strongest in Bad Markets?When advisors shop for a new broker-dealer, the thought of bear market vulnerability is rarely on their radar — but it should be.
September 23, 2020
FINRA Working on Reg BI Guidance, Mulling Exam Changes: CookIn the future, in-person BD exams likely will be considered "more on a risk-based framework," says the regulator's CEO.