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.
FINRA Postpones Arb Hearings for Rest of 2020
By Melanie WaddellArbitrators are concerned about the safety of in-person hearings, FINRA says.
October 07, 2020
SEC OKs Fund of Funds Update, New 'Finders' ExemptionThe Democratic commissioners dissented on the finders exemption, with Crenshaw stating finders can engage "in core broker-dealer activities" without registration.
October 07, 2020
SEC Slaps BD for Text Message SnafusThe firm was fined $100,000 for failing to retain business-related messages.
October 06, 2020
UBS Nabs 3 Wells Fargo Advisors Managing More Than $400MThe recruits include a 30-year industry veteran and an advisor focused on UHNW private banking.
October 06, 2020
Ed Slott: Advisors Falling Behind on Reg BI Rollover Compliance"Most advisors don't have a process" to discuss the pros and cons of rollover options, Slott tells ThinkAdvisor.
October 05, 2020
FINRA Mulls Further Changes to Senior Exploitation RuleFINRA wants to extend the period for placing a temporary hold on accounts and create the first uniform, national standard for placing holds on transactions.
October 05, 2020
$625M Morgan Stanley Team Jumps to RBCMartin Wealth Management Group includes four advisors from three generations.
October 02, 2020
FINRA Moves Ahead on BD Fee HikeBeginning in 2022, fees in five areas will be raised gradually.