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.
Will DOL Fiduciary Rule Be Watered Down?
By Bernice NapachThe possibility of weakening the rule worries Betterment CEO Jon Stein.
June 06, 2017
Trump Picks Former Banker for Comptroller of the CurrencyJoseph Otting was CEO of OneWest, when it operated under a consent order from the OCC due to unsound mortgage servicing and foreclosure practices.
June 05, 2017
Merrill Nabs $3.3B UBS Group in ChicagoIt also picks up a UBS team in New York that manages $1 billion and has $7 million in yearly fees & commissions.
June 05, 2017
Morgan Stanley Moves (Again) to Streamline Wealth GroupThe firm is getting rid of divisions and recently consolidated its Dallas operations.
June 02, 2017
Why Investors Often Underperform the Funds They OwnMorningstar's latest "Mind the Gap" report boosts the argument for why investors need advisors.
June 02, 2017
What Fee Compression? Advisor Fees Show Little or No DeclineReports of fee compression among financial advisors are overblown, according to new analysis from Envestnet.
June 01, 2017
Wells Fargo Wealth Chief to RetireDavid Carroll is stepping down just as the firm reportedly tweaks its recruiting policies to add reps.
May 31, 2017
FINRA Named CFP Board CE PartnerEffective immediately, nearly 60 of FINRA's e-learning courses will be eligible for CE credits for CFP professionals.