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.
FINRA Files to Allow TRACE to Be Corporate Bond Hub
By Melanie WaddellIf the SEC approves, TRACE will become a centralized source of comprehensive and timely information about new issues.
March 26, 2019
FINRA May Nix Suitability Rule Due to Reg BI OverlapIf the regulator keeps the rule, it will likely make changes to avoid inconsistencies, Chief Legal Officer Robert Colby said.
March 26, 2019
Wells Fargo Taps Interim Wealth ChiefThe bank confirms that Tim Traudt is replacing Jay Welker, who was accused of gender bias last year.
March 26, 2019
Wells Fargo Launch; Kestra Finds Buyer; Moore Leaves Cetera: BD RoundupThe wirehouse says its new program is a "category killer." Meanwhile, one independent broker-dealer wins the backing of a private equity group, and another loses its CEO.
March 26, 2019
Advisor Exam Rate May Fall in 2019, Says SEC; New Services Planned for Emerging FirmsPlus, Dynasty Financial Partners shares details about its new headquarters, and Raymond James hires a new executive for its Investment Advisors Division.
March 22, 2019
Merrill to Pay $8M for Mishandling ADRsTo date, the SEC has reached settlements of $370 million tied to abusive practices around pre-release American Depositary Receipts.
March 21, 2019
Wells Fargo Backs CEO Sloan Amid Rumors He's Being ReplacedRumors that the bank is in talks with a former Goldman exec are "completely false," said the bank's chairwoman.
March 21, 2019
Morgan Stanley Loses Advisors to Raymond James, RIA: Recruiting RoundupMeanwhile, Baird adds an advisor from Wells Fargo, and Ameriprise picks up a former LPL Financial affiliated rep.