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 to Stop Giving Notice of Retail Bank Compliance Visits
By Janet LevauxThe policy was in place to ensure branches were adequately staffed for reviews, the bank said.
January 30, 2017
Wirehouses Settle Bias, Fraud and Other MattersLarge financial institutions have dealt with fallout from the 2008 financial crisis for several years. Today, they are facing a variety of compliance issues.
January 30, 2017
Wall Street Execs Raise Concerns About Trump’s Immigration CrackdownBusiness disruption and diversity concerns are cited by the CEOs of Morgan Stanley, Goldman Sachs and JPMorgan.
January 27, 2017
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL DoubtsWhile speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
January 27, 2017
Warren Says DOL Website for Wells Fargo RemovedU.S. senator asks the agency for status of probe into bank; website was to allow bank workers to report illegal activity.
January 26, 2017
Merrill Lynch Nabs $4.5M UBS Team in Texas: Recruiting RoundupMeanwhile, Raymond James, Ameriprise, Focus Financial and Kestra add advisors, managers and more.
January 26, 2017
Citi Agrees to Pay $18.M to SEC Over Excess Fees on Managed AccountsThis repayment and fine come two weeks after a similar settlement with New York officials.
January 25, 2017
Raymond James Tops Estimates as Profits, Sales RiseThe firm has more than 7,100 reps, $585 billion of assets and growing fee-based revenue.