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.
BofA Profit Jumps in Q1 as Wealth Unit’s Asset Flows Top $29B
By Janet LevauxThe number of advisors in the Thundering Herd, though, falls below 14,500 as more reps retire.
April 13, 2017
Merrill Lynch Adds Duo From Wells Fargo Private Bank: Recruiting RoundupMeanwhile, the $600 million investment arm of Prosperity Bank affiliates with Raymond James Institutions unit.
April 13, 2017
Morningstar Pushes Change in DOL Fiduciary Rule EnforcementThe fund rating agency suggests a third-party audit of firms big data to check if individual portfolios are providing a best interest standard of advice.
April 12, 2017
Wall Street Critic Says Stop Beating Up Wall StreetBestselling author WIlliam Cohan talks to ThinkAdvisor about better ways to change Wall Street's bad behavior and why clients are responsible for choosing trustworthy advisors.
April 12, 2017
JPMorgan Delays Moving Wealth Clients Amid DOL LimboWith uncertainty surrounding the DOL fiduciary rule, the bank says that its customers can keep using financial advisors.
April 10, 2017
Why a Diluted Fiduciary Rule Is Bad for Advisors: Betterment, CFP BoardBetterment, CFP Board and Consumer Federation say that a watered-down rule could hurt not just investors but advisors, and they discuss what could happen next.
April 10, 2017
Wells Fargo Claws Back $28M More From Ex-CEOFormer-retail bank head Tolstedt forfeits $47 million in options; directors issue 113-page report on bogus customer accounts.
April 09, 2017
RIAs Now the Biggest Driver of ETF Asset Growth: BroadridgeA new report says fee-based RIAs have replaced institutional investors as the leading force behind the growing demand for ETFs.