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.
LPL, Advisor Group and Merrill Tap New Execs
By Janet LevauxMeanwhile, Dynasty names a new tech chief, and two firms announce big marketing developments.
April 16, 2019
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan OpsSome 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
April 16, 2019
Will Trump Memo Slow Down SEC's Reg BI?A memo from the OMB states that major rules, like the SEC's best-interest rules, must be reviewed by Congress.
April 15, 2019
New Jersey Unveils Proposed Fiduciary RuleThe proposal covers BDs, agents and advisors but excludes some advisors already acting as fiduciaries.
April 12, 2019
Wells Fargo's Wealth Unit Struggled in Q1But the bank beat analyst expectations on revenue and profits.
April 11, 2019
Rich Women Calling More of the Shots: Merrill Wealth Chief"Arguably it's the most powerful trend in our industry," said Andy Sieg, president of Bank of America Corp.'s Merrill Lynch Wealth Management unit.
April 11, 2019
Will Wells Fargo, JPMorgan Hit or Miss With Q1 Earnings?The large banks and other sectors are facing headwinds when it comes to beating prior results, analysts say.
April 11, 2019
Janney Nabs 14 Wirehouse Reps, as Baird Grabs 4: Recruiting RoundupThe firms are bringing over advisors from Merrill Lynch, Wells Fargo and UBS; meanwhile, Raymond James picks up a three Wells Fargo FAs.