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.
Banks, Financial Services Must Do Better on Diversity: House Report
By Ginger SzalaAlthough the business has made strides in diversity hiring, it's not enough, says the House Financial Services Committee.
February 12, 2020
FINRA Seeks to Close '$1 Expungement Case' LoopholeThe regulator would charge a minimum filing fee for expungement cases. But industry attorneys aren't impressed.
February 11, 2020
Wells Fargo to Replace Wealth Chief in RestructuringCEO Charles Scharf is changing the bank's reporting lines as part of a major structural change, the company said Tuesday.
February 10, 2020
UBS Revamps iPhone App With Client, Advisor FeedbackThe new app was designed to provide clients with fuller picture of their total wealth.
February 07, 2020
Ex-Rep for Morgan Stanley, Wells Fargo Sentenced to 30 Months for FraudThe former broker had pleaded guilty to swindling clients out of more than $1.6 million.
February 06, 2020
FINRA's Website Experiencing Search ProblemsFINRA says of its website that it has "more work to do, and that work remains well underway."
February 06, 2020
Wells Fargo's Frozen Bonuses Hurt Unintended TargetDozens of former executives have waited, some for years, to collect millions in bonuses. Many have done nothing wrong.
February 05, 2020
How to Deal With an Aging Advisor Force and Aging ClientsA new Cerulli report lays out the challenges and how to address them.