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.
UBS to Expand Lineup of No-Fee SMAs
By Janet LevauxPlus, the firm is opening its asset management platform to outside vendors to better align its offerings with SEC Reg BI.
October 21, 2019
$380M Wells Fargo Team Leaves for JanneyThe group includes three veteran advisors and is based in Bel Air, Maryland.
October 21, 2019
FINRA Bars 2 Advisors for Excess Trading in Billionaire Roy Speer's AccountsForte Group made more than 2,800 trades in Speer's accounts in less than a year, FINRA says.
October 21, 2019
Merrill Edge Expands Free Online TradingThe move follows elimination of online trading fees by Schwab, TD Ameritrade, E-Trade, Fidelity and Ally Financial.
October 17, 2019
Morgan Stanley CEO: Zero Commissions Won't Hurt Advisory Fees"The advice pricing holds up as long as clients are getting value," CEO James Gorman said.
October 17, 2019
Raymond James, Stifel Add Wirehouse Reps: Recruiting RoundupMeanwhile, LPL Financial brings on advisors from JPMorgan and 1st Global.
October 16, 2019
Merrill Takes Comp Changes 'Off the Table'The growth grid that was rolled out about two years ago is staying around as is, a senior executive says.
October 15, 2019
Wells Fargo Profits Hurt by $1.6B Legal Charge: Q3 EarningsThe bank's wealth unit lost 76 advisors in the latest quarter and 751 over the past 12 months.