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.
Who’s Moving to LPL?
By Janet LevauxThe number of reps joining the firm was way up in the fourth quarter, but new assets are not showing a similar spike.
March 02, 2017
Wells Fargo Warns Deeper Review May Uncover More Bogus AccountsAlso says banks used its tech for trade in sanctioned nations; it alerted authorities and is cooperating with DOJ inquiry.
March 01, 2017
Dynasty Lands $750M Wirehouse Group in Houston: Recruiting RoundupMeanwhile, Ameriprise shares the names of its newest advisors; GW&K announces the names of recently tapped partners.
March 01, 2017
Wells Fargo Pulls Bonuses, Claws Back Top Exec AwardsBogus-account scandal costs eight leaders pay, equity awards; CEO Tim Sloan, CFO John Shrewsberry among those affected.
February 28, 2017
American College Starts Black Broker Scholarship ProgramThe fund aims to boost the share of advisors who are African-American, which is now less than 8%.
February 28, 2017
Buffett’s 8 Nuggets of Investing Advice: Berkshire Shareholder Letter 2017The Oracle of Omaha spells out the secrets of his success in his yearly letter to Berkshire Hathaway shareholders.
February 28, 2017
Wells Fargo Robo Pilot Set for Summer; Rollout for Late 2017The service, to be called Intuitive Investor, aims to bring in new, younger clients to its wealth management unit.
February 28, 2017
Morgan Stanley Takes $70M Charge for Tax-Reporting ErrorsThe wirehouse said the tax-reporting issues affected wealth management clients from 2011 to 2016.