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 Data Fiasco Raises Red Flags, Demands Serious Change: Lawyer
By Janet LevauxOther bank observers point to the multiple problems exposed by the recent leak of private data of 50,000 clients and advisors.
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.
July 18, 2017
BofA, Goldman Sachs Reverse Roles With Core Business LetdownsBank of America beats on trading while Goldman boosts lending; both firms stocks jumped more than 30% after Trumps election.