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.
DOL to Move Ahead on Fiduciary Plan Despite Criticism
By Melanie WaddellLabor says it won't hold a second hearing or reopen comments; critics say it should wait and see how Reg BI plays out.
September 02, 2020
Firms Failing to Report Advisors' Disciplinary Histories on Form CRS: WSJThe Journal said it found about 2,300 employees with disclosures that their firms didn't report on the form.
September 02, 2020
Hearsay CEO Clara Shih Steps AsideThe news comes one month after Salesforce Ventures made a strategic investment; Shih will become executive chairperson.
September 02, 2020
Wells Fargo to Pay $2M Over Variable Annuity SwitchesThe firm failed to supervise reps' recommendations that customers switch from VAs to investment company products, FINRA claims.
September 01, 2020
Who Made It Into Merrill's Expanded Model Portfolio Lineup?Eight new fund giants come on board, a day after Bank of America says Merrill clients can trade via its mobile app.
August 31, 2020
$1.2B UBS Team Jumps to Raymond JamesThree ex-wirehouse advisors come on board in Kansas City at a new location for the firm's employee channel.
August 31, 2020
Direxion Introduces Connected Consumer ETF: Portfolio ProductsAlso, T. Rowe Price is changing the strategy of its long-term U.S. Treasury fund from active to passive.
August 28, 2020
Sanctuary Wealth Names COO, Adds $530M Merrill TeamThe Indianapolis-based group now has 38 partner firms with over $10 billion in assets under advisement.