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 Pay $1M FINRA Fine Over Client Reports
By Janet LevauxSome 5 million-plus documents were not reviewed adequately, FINRA says, especially regarding client holdings outside of the bank.
December 02, 2016
Why RIAs and IBDs Favor ETFs Over Actively Managed Funds 4 to 1The increased flows into ETFs are due to many factors including the DOL fiduciary rule.
December 02, 2016
Wells Fargo to Keep Commission-Based Retirement AccountsThe bank outlines steps being taken to support "client choice" under the DOL fiduciary rule.
December 01, 2016
Wells Fargo Splits Chairman, CEO Roles After Account ScandalWells Fargo joins Citigroup as the only other big U.S. bank that has two different execs serving as CEO and chairman.
December 01, 2016
Which Robo-Advisors Are Best? To Find Out, an RIA Invests in ThemCondor Capital, a New Jersey-based RIA, invested in about a dozen robo-advisors to measure their comparable performance.
November 30, 2016
A Trump Repeal of the DOL Fiduciary Rule? Not So FastAdvisors and broker-dealers on a Nasdaq-sponsored panel recommend that advisors not count on a repeal of the rule anytime soon.
November 29, 2016
Wells Fargo’s Sloan Played Role in Pre-Scandal Exit of Retail Bank ChiefWells Fargo letter describes private talks that prompted departure of Tolstedt; new CEOs influence outlined in reply to California lawmakers.
November 29, 2016
Financial Advisors Voted Overwhelmingly for Trump: FSI PollFinancial advisors favored Trump over Clinton by a ratio of more than 3 to 1, according to a post-election poll from FSI.