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.
$400M Merrill Team Goes Indie
By Ginger SzalaThe group is led by Blaine Werner, who spent 43 years with the Thundering Herd.
August 20, 2020
FINRA Warns of Fake Broker WebsitesThe sites use reps' names and other information and may appear to be their personal sites.
August 20, 2020
Half of Advisors Thinking of Dumping Their Firm for Better Tech: SurveyNearly 8 in 10 advisors said in a Broadridge survey that they'd lost business due to inadequate technology.
August 20, 2020
First Republic Nabs $2.5B Merrill GroupMeanwhile, the Thundering Herd also loses advisors to UBS and Wells Fargo FiNet.
August 20, 2020
LPL Pledges $1B to Put Advisors on Growth 'Superhighway'The broker-dealer wants its advice business to work more like Amazon, Netflix and eBay to outperform "institutional" rivals like Schwab, says CEO Dan Arnold.
August 18, 2020
UBS Reps Suspended for Unauthorized TradingFINRA also suspends ex-Edward Jones rep, claiming he settled a client complaint without the knowledge or approval of the firm.
August 17, 2020
Biden's VP Pick Harris Opposes DOL Fiduciary RuleKamala Harris joined other lawmakers in telling Labor Secretary Eugene Scalia to rework the fiduciary rule.
August 17, 2020
Steward Partners Grabs 5 Advisors With $491MEast Coast advisors from Morgan Stanley, Wells Fargo and other firms are joining the Raymond James affiliate.