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.
Ex-NFL Player, Merrill FA Gets 40-Year Prison Sentence
By Janet LevauxMerrill Robertson Jr., who played for UVA and the Philadelphia Eagles, cost some 63 investors about $9 million.
January 04, 2020
Former Wells Fargo Execs Could Face Criminal Charges Soon: ReportThe news comes more than three years after the bank agreed to pay a fine and $185 million settlement over some 2 million fake accounts.
December 27, 2019
'Choppy Year' Expected for Wirehouses, Other BDs in 2020Industry analysts share their (cautious) expectations for earnings, revenue growth and stock performance.
December 27, 2019
Banks Set for Biggest Job Cuts Since '15 as Morgan Stanley Drops AxeMore than 50 lenders have announced plans to trim some 77,780 jobs, the most since 91,448 four years ago.
December 26, 2019
FINRA Fines 5 Big Firms for 'Know Your Customer' FailuresLPL, Merrill and Morgan Stanley were among the firms.
December 26, 2019
Raymond James Adds Wirehouse, Other Reps With $970MThe firm brings on advisors from Merrill Lynch, UBS and USAA, as well as a new bank-based wealth group.
December 26, 2019
Will the Lull in Advisor Recruiting Last?Recruiters talk to ThinkAdvisor about the latest trends in advisor movement and what lies ahead in the indie and wirehouse channels.
December 26, 2019
Secure Act, Fiduciary Rules Set Up a Doozy of a Compliance YearMajor changes are afoot in the rules that govern advice-giving.