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 Moves Ahead on New Exam Cheating Rules
By Melanie WaddellFINRA is also overhauling its enforcement technology platform.
June 09, 2020
FINRA Mulls Rules on Exam CheatingFINRA's recent exam sweep of firms that are not charging commissions for trades will also be discussed.
June 09, 2020
Merrill Lowers Key Comp Target, AgainAdvisors hit with a growth grid reduction in June can choose to push this pay cut back until Dec. 31.
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.