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.
Wirehouses Pushing Remote Work, but Offices Stay Open
By Janet LevauxMerrill, Morgan Stanley, UBS and Wells Fargo Advisors are updating policies to adjust to the pandemic.
March 13, 2020
FINRA Tweaks Suitability Rule to Address Reg BI ConflictsFINRA is also adjusting its noncash compensation rules.
March 12, 2020
Wells Fargo Advisors Raises Required Asset Level for Fee WaiverIn September, the asset level required to avoid the fee will be raised from $250,000 to $500,000.
March 12, 2020
SEC Gets Final Judgment Against Ex-Morgan Stanley, Wells Fargo RepThe former broker had pleaded guilty to swindling more than $1.6 million from customers.
March 12, 2020
Janney Adds Reps From Morgan Stanley, Wells Fargo: Recruiting RoundupMeanwhile, LPL has recruited a team in North Carolina that serves pro athletes.
March 11, 2020
GOP Lawmakers Back Reg BI in Court BattleThe rule "balances many competing considerations," they said in an amicus brief.
March 11, 2020
Is Your Broker-Dealer a Doomsday Prepper?Your BD's readiness, or lack thereof, to handle a bear market can affect you in many ways.
March 10, 2020
Wells Fargo CEO Tells Congress Bank's Model Is 'Flawed'Scharf also says the bank has some 62,000 employees working from home due to the coronavirus.