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.
$990M UBS Team Jumps to Raymond James
By Janet LevauxThe group is based in Bethesda, Maryland, and includes four advisors.
October 09, 2019
Zero Commissions a 'Huge Deal' for Advisors, BDs: HenschenBroker-dealer recruiter Jon Henschen breaks down "the ripple effects" of the big brokerages' elimination of most trading commissions.
October 08, 2019
FINRA Updates Reg BI Webpage With Compliance ChecklistThe checklist outlines major requirements and notes differences between FINRA and rules and SEC's Reg BI and Form CRS.
October 07, 2019
Merrill Boosts Trainee Pay by $10KThe wirehouse also has hired 1,700 next-gen wannabe advisors so far this year.
October 04, 2019
UBS Advisor's Rules: No Account Minimums, No Jerks"I turn down very large opportunities all the time" if the client isn't a good fit, Jason Katz, who advises celebrities and athletes, tells ThinkAdvisor.
October 04, 2019
Ally Invest Also Ending Commissions on Stock, ETF and Options TradesThe online brokerage of Ally Financial follows Schwab, TD Ameritrade and E-Trade in announcing no-commission trades.
October 04, 2019
$135M Merrill Team Goes Indie With New RIAThe group, now partnering with TruClarity Wealth Advisors, includes two veteran advisors based near Houston.
October 04, 2019
FINRA Board Approves Expungement ChangesFINRA approved creating a roster of arbitrators with enhanced training to decide whether to expunge customer complaints about brokers.