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, Stifel and RBC Add Wirehouse Reps: Recruiting Roundup
By Janet LevauxPlus, Commonwealth Financial, Ameriprise and D.A. Davidson share their latest hiring news for early 2019, while RIA Integrated Financial Partners gives an update on its 2018 growth.
January 22, 2019
UBS Q4 Results Miss Mark, Despite Boost in Wealth UnitThe advisors in the Americas average yearly fees and commissions rose 8% from 2017.
January 21, 2019
At UBS, Succession Looms Large as Bank Ponders Post-Ermotti EraErmotti and Chairman Axel Weber have overseen a push to pivot from investment banking to wealth management.
January 18, 2019
Waters, McHenry Introduce Bill to Curb Insider TradingThe bill requires the SEC to ensure corporate insiders are unable to indirectly engage in illegal insider trading through changes to trading plans.
January 18, 2019
Broker Barred for Concealing Commissions From Native American Tribe: EnforcementMeanwhile, a firm principal was barred for falsely claiming the firm had enough assets to register with the SEC.
January 17, 2019
'Visionary' Bogle Gave SEC a Warning About Reg BI"Ideas are a dime a dozen," Bogle told SEC Chairman Jay Clayton. "Implementation is everything."
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.