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 Enables Reporting of Reg BI-Related Customer Complaints
By Melanie WaddellStarting July 18, firms will be able to use two new "problem codes" to report customer complaint information.
June 08, 2020
Merrill Lynch Rolls Out New Advisor WorkstationsThe news comes about 18 months after rival Morgan Stanley introduced WealthDesk, its new advisor platform.
June 04, 2020
Merrill Repaid $7M to Fund Investors for OverchargesThe firm failed to ensure that clients received sales charge and fee waivers they were entitled to, FINRA says.
May 29, 2020
13 Best & Worst Broker-Dealers: Q1 Earnings, 2020As in Q1, some broker-dealer results were severely affected by the coronavirus and the need to increase loan-loss provisions.
May 29, 2020
Morgan Stanley to Launch Advisory 529 PlanAs the industry moves to goals-based planning tied to fees (and not commissions), this step "ties in perfectly," an executive said.
May 28, 2020
UBS Picks Up $1.5B Bernstein Group: Recruiting RoundupAlso, LPL adds two wirehouse teams, and ProEquities rolls out an academy for new and experienced advisors.
May 27, 2020
FINRA Suspends Ex-Wells Fargo Rep Who Borrowed $16K From ClientThe broker then falsely claimed he did not engage in any such arrangement, the regulator says.
May 26, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Botched Account TransferThe broker transferred $1 million without proper authorization, FINRA said.