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.
Citi Agrees to Pay $18.M to SEC Over Excess Fees on Managed Accounts
By Janet LevauxThis repayment and fine come two weeks after a similar settlement with New York officials.
January 24, 2017
2 Types of ‘Currency’ That Help Women SucceedAt FSI conference, Carla Harris of Morgan Stanley discusses how women can rise and says the push for diversity shouldnt be just "a bull-market phenomenon."
January 23, 2017
Kitces to Advisors: Don’t Fear RobosTechnology, not robo-advisors per se, is transforming the advisory business, says industry blogger and wealth manager Michael Kitces.
January 19, 2017
HighTower Adds $1B Team in Florida: Recruiting RoundupThe group is moving from Wells Fargo Private Bank; meanwhile Focus Financial says a partner firm has wrapped up a deal.
January 18, 2017
Only 16% of Advisors Are Women: CerulliCerulli makes the case that increasing womens representation among advisors brings concrete business advantages.
January 18, 2017
Goldman, Citi Beat Estimates as Trading Buoys Wall StreetBanks follow JPMorgan, BofA, Morgan Stanley in bond rebound; Blankfein, Corbat continue push to reduce firmwide expenses.
January 17, 2017
Wells Fargo Advisors Wins $23M in Baird Raiding Case"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
January 17, 2017
Morgan Stanley Q4 Profits Double, but Wealth Group Misses TargetCEO James Gorman says the firm's wealth management operations will produce better results this year.