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.
UBS Fined $15M by Multiple Agencies for Significant AML Deficiencies
By Emily ZulzAccording to FINRA, SEC and FinCEN, UBS' anti-money laundering systems failed to monitor certain high-risk transactions for years.
December 13, 2018
Advisors 'Neutral' on Broker Protocol's Impact on Going Indie: SchwabIn a new report, Schwab surveyed 152 advisors that have considered becoming independent registered investment advisors.
December 13, 2018
Ameriprise, Raymond James Nab Wells Fargo Reps: Recruiting RoundupMeanwhile, LPL says that two of its affiliated groups have merged, forming a super OSJ with over 100 advisors and $4 billion in assets under advisement.
December 11, 2018
Morgan Stanley Teams With Yext to Boost Advisor Search Traffic, Digital PresenceThe platform also syncs with AI-equipped voice assistants and chatbots that answer questions about advisors to prospects and clients.
December 06, 2018
SIFMA Sees Slowing Growth, SEC Best-Interest Rules Coming in 2019The best-interest regs will probably be clarified in the first half of next year, SIFMA says.
December 06, 2018
BofA Elevates Merrill Lynch, U.S. Trust ExecsThe news comes about six weeks after the passing of the bank's global wealth chief Terry Laughlin; also this week, Merrill loses a pair of advisors to Janney Montgomery Scott.
December 05, 2018
Wells Fargo's RIA Plans: Big Deal or 'Blip on the Radar'?Industry watchers debate the wisdom of the wirehouse's new approach and what it could mean for advisor retention and its bruised brand.
December 04, 2018
Why Are Advisors Reluctant to Hop on the ESG Train?ESG investing hasn't yet caught fire with the advisor community. Practical Perspectives asked why.