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 Over $950K in Restitution, Fines
By Jeff BermanA now ex-advisor "on hundreds of occasions" recommended clients buy and then quickly sell corporate bonds or preferred securities, says FINRA.
August 12, 2020
Pandemic Raises Risk of Advisor Misconduct, SEC WarnsFor example, advisors might be more likely to borrow money from a client or make a conflicted rollover recommendation, the SEC says.
August 12, 2020
SEC Clarifies Use of 'Advisor,' 'Adviser' by Dually Registered FirmsThe FAQ explains how firms can market themselves while complying with Reg BI.
August 11, 2020
How Merrill Is Boosting Its 'Elite' AdvisorsMerrill exec Nilesh Parikh tells ThinkAdvisor about the new Elite Practice Growth program, parts of which are open to all Merrill advisors.
August 10, 2020
Morgan Stanley Tapped for NFL Advisor ProgramSome of the wirehouse's advisors started working with current and retired players in 2002; now about 50 do so.
August 10, 2020
What Lower Rates Mean for Investors & Their Retirement PlansI've got some bad news for you about the historical trend — and some good advice on what you can do about it.
August 07, 2020
FINRA Suspends Ex-Merrill Rep Who Hid Felony IndictmentThe former broker also was sanctioned by the regulator for alleged unauthorized trading in client accounts.
August 06, 2020
DOL Should Scrap Fiduciary Rule Plan: RoperConsumer Federation of America says plan allows for conflicted advice and gives most rollover recommendations a "regulatory free pass."