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 Suspends Ex-Morgan Stanley Rep Over Gunsmith Business
By Jeff BermanThe rep failed to notify the firm of the "full nature" of his activity, FINRA says.
March 05, 2020
Stifel, Ameriprise Nab Reps From Merrill, Wells FargoMeanwhile, LPL Financial and Raymond James share details on their latest hires.
March 03, 2020
Broadridge CEO Sees Little Impact From Morgan Stanley, E-Trade DealClient consolidation in general is expected to have very little effect on the firm's business, he says.
March 02, 2020
Advisors Sound Off on Wells Fargo's Big Inverse ETF FailureTweeted CFP Joshua Duvall: "If you can't understand it - you shouldn't be investing in it."
March 02, 2020
For New California Privacy Law, Start Tracking Employee Data NowEach piece of personal information affected by a breach can lead to damages of $150-$750, says one attorney.
February 27, 2020
SEC Fines Wells Fargo $35M Over Inverse ETF RecommendationsSome advisors didn't "fully understand" the risks of inverse products sold to retirees and others, the SEC said.
February 27, 2020
Ex-Merrill Rep Stole $1.7M to Pay Off His Credit Cards: SECMore than 200 illegal transfers were made from three wealthy clients' accounts to pay for credit card purchases, the SEC says.
February 27, 2020
First Republic Add 3 Female Wells Fargo Advisors: Recruiting RoundupMeanwhile, Merrill Lynch names a new market chief, Kestra draws reps from rivals, and RIA M&As continue.