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.
SEC Fines Morgan Stanley $13M for Overcharging Clients
By Janet LevauxAbout 149,000 clients paid excess fees between 2012 and 2016, the regulator says.
January 12, 2017
Citi to Return $22.5M in Excess FeesThe reimbursement, ordered by the New York Attorney General, affects about 47,000 mutual fund clients.
January 12, 2017
Bank Analysts Say ‘Steady On’: Q4 Earnings PreviewBofA, Wells Fargo and JPMorgan kick off the fourth-quarter reporting season on Friday.
January 12, 2017
Wells Fargo Misses a Chance to Show OffThe banks CEO, Timothy Sloan, can dampen the effects of its mismanaged scandal by becoming a leader on employee compensation.
January 11, 2017
Morningstar Adds 2 to C-SuiteTricia Rothschild is now chief product officer; Danny Dunn has joined from IBM to be the firm's first chief revenue officer.
January 09, 2017
Wells Fargo, Black Brokers Settle Discrimination Suit for $35.5MThe class-action suit aims to prevent discrimination and support the participation of African American advisors.
January 06, 2017
Rising Student Debt Among Seniors Threatens to Wreck Their RetirementThe CFPB reports that nearly 40% of borrowers 65 and older, a fast-growing segment of student-loan debtors, are in default.
January 04, 2017
Raymond James Grabs $170M Morgan Stanley Rep: Recruiting RoundupMeanwhile, an RIA strikes out on his own; State Street and Eaton Vance share executive news.