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.
Cambridge Nabs $2.5B Group: Recruiting Roundup
By Janet LevauxMeanwhile, Stifel adds two Merrill reps, Raymond James picks up a Wells Fargo team, and Integrated Partners expands.
October 21, 2019
UBS Wealth Exec Moves to Deutsche BankSamuel Descovich will lead products and solutions in the Americas and work on expanding the ESG lineup.
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.