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.
Waters, McHenry Introduce Bill to Curb Insider Trading
By Melanie WaddellThe bill requires the SEC to ensure corporate insiders are unable to indirectly engage in illegal insider trading through changes to trading plans.
January 17, 2019
Morgan Stanley Q4 Earnings Disappoint in 'Difficult Environment'The wealth unit saw a slight drop in pretax net income and revenue, though its after-tax income improved sharply.
January 16, 2019
BofA's Wealth Unit Boosts Profits 43%: Q4 EarningsMerrill Lynch chief Andy Sieg says it intends to stay in the broker protocol for recruiting and stay out of the independent channel.
January 15, 2019
Wells Fargo, Advisor Headcount Still in Trouble: Q4 EarningsThe bank will limit asset growth in 2019; meanwhile, another San Francisco-based wealth firm tells a rosier story.
January 14, 2019
RIA M&A Deals Set Record High (Again) in 2018: Echelon PartnersA total 181 deals were completed — a sixth consecutive annual high, the firm reports.
January 11, 2019
Citigroup to Lead Bank Stocks as Earnings Kick Off MondayCitigroup switches places with JPMorgan, which usually reports first but follows a day later with Wells Fargo.
January 10, 2019
Carson Wealth Nabs $500M Wells Fargo Team: Recruiting RoundupLPL has added a team from Wintrust Investments with $640 million in assets to its hybrid platform.
January 07, 2019
NAPA Announces Top Retirement Plan Advisors Under 40The list of 100 advisors was chosen from a list of more than 500, based on a quantitative and qualitative review.