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.
Wells Fargo FiNet Adds 2 Merrill Teams in California: Recruiting Roundup
By Janet LevauxAs the bank's recent data leak grabs headlines, Dynasty Financial brings on one of its former reps and staff.
July 22, 2017
Wells Fargo Must Rehire Fake-Accounts Whistleblower, Pay $577KDepartment of Labor made the decision Friday, when private info on 50,000 clients and advisors was released.
July 22, 2017
Wells Fargo Shares Private Info on 50,000 Clients and Advisors: ReportThe data release includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
July 21, 2017
Morningstar, MMI Launch Sustainable Investing InitiativeThe program is focused on educating financial advisors about ESG investments because an increasing number of clients are demanding them.
July 21, 2017
Ameriprise Adds $463M Employee Team From Merrill LynchThe three new advisors are based in Northern California and come on board with four other professionals.
July 20, 2017
Advisors, Plan Sponsors Out of Sync in DC Plan SpaceWells Fargo Asset Management compared its survey advisors to a previous one of plan sponsors to discover the gaps.
July 19, 2017
Raymond James, RBC Add Advisors, Exec From Wells Fargo: Recruiting RoundupWells Fargo Advisors says it lost over 3% of its FAs over the past 12 months and 1% in the last quarter.
July 19, 2017
Merrill vs Morgan: Q2 Earnings, Wealth ResultsThe two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.