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.
New Carrots, Sticks in Merrill's 2019 Comp Plan
By Janet LevauxMerrill will institute a noncompensable policy, which executives say is "in line with many of our peers."
October 31, 2018
RBC Wealth Nabs $550M Merrill Team in Beverly HillsThe two advisors come on board about one week after RBC added a Wells Fargo group with $1.4 billion in assets.
October 31, 2018
UBS on Hunt for Asset Management DealsAs the firm aims to boost scale, its likely targets may include U.S. and U.K. asset managers focused on retail clients and specialized asset managers in areas such as real estate, sources say.
October 29, 2018
BofA Vice Chairman, Global Wealth Head Laughlin Dies at 63The former chief risk officer worked with CEO Brian Moynihan at FleetBoston Financial.
October 26, 2018
US Secretly Banned JPMorgan's Growth for YearsOCC stopped bank's expansion into new states for rule infractions; Trump officials reversed Obama-era regulatory enforcement.
October 26, 2018
Advisors Force Wells Fargo Into FINRA Arbitration Over Loss of BusinessThey face steep odds against the wirehouse, but if they succeed, the floodgates could open.
October 25, 2018
Industry's Need for More Female Advisors Takes Center Stage at EventExecutives at Raymond James describe why work as a registered rep makes so much sense for female professionals and what they are doing to move the needle.
October 25, 2018
Advisors' Growing Pursuit of IndependenceAccording to a recent Schwab study, the total count of advisors moving to the RIA channel is up nearly 60% from 2013.