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.
Wells Fargo CEO Apologizes for 'Limited' Black Talent Remark
By Hannah LevittCharles Scharf responds to remarks he made this summer during a Zoom meeting that exasperated some Black employees.
September 21, 2020
10 Biggest U.S. Banks: 2020These are the U.S.-based banks with the most assets, according to ADV Ratings.
September 21, 2020
How Merrill, Schwab, Fidelity Are Using Tech to Build Values-Based PortfoliosBig firms are using AI and machine learning to help clients build individualized portfolios that align with their values.
September 21, 2020
Franklin Templeton Launches New Tool for Advisors: Portfolio ProductsAlso, Invesco expands its lineup of Defined Maturity Bond ETFs.
September 18, 2020
FINRA Advances Rules on Senior Exploitation, E-SignaturesFINRA plans to publish a Regulatory Notice seeking comment on amendments to its senior exploitation rule.
September 18, 2020
Biden Would Kill SEC's Reg BI: Morningstar AnalystIf Biden wins, there will be "support for enhancing standards of conduct above Reg BI," said Aron Szapiro, Morningstar policy research head.
September 16, 2020
AARP Expands BankSafe Training Platform to Financial AdvisorsThe platform is designed to help financial professionals identify and prevent financial exploitation of seniors.
September 16, 2020
Treasury's Crime Unit Seeks Comments on AML Rule ChangesPlanned changes would "modernize the regulatory regime to address the evolving threats of illicit finance," FinCEN states.