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.
Morgan’s Mandatory Arb Program ‘Stinks to High Holy Hell,’ Lawyer Says
By Jane Wollman RusoffThe companys controversial CARE program, which keeps employee disputes out of court, has created a big headache for FINRA.
November 04, 2016
FINRA Reviews Cross-Selling by 207 Ex-Advisors at Wells FargoAs senators press for action, the regulatory group says it is checking documents tied to firing or discharge of bank employees.
November 03, 2016
World’s 20 Largest Asset ManagersThe share of total assets by the Top 20 managers, who held $33 trillion, fell slightly to 41.6% in 2015.
November 03, 2016
Senators Challenge Wells Fargo Over Fired EmployeesFINRA records show that some bank staff were let go as early as 2011, raising more questions about its response to the fraud.
November 03, 2016
Wells Fargo Facing SEC Probe That Could Focus on DisclosuresCompany reveals agencys investigation in quarterly filing; regulators seek information tied to account scandal, bank says.
November 02, 2016
$500M Wells Fargo Team Moves to RBC Wealth: Recruiting RoundupMeanwhile, both Merrill Lynch and HighTower Advisors announce new reps and executive appointments.
November 02, 2016
16 Best & Worst 529 College Savings Plans of 2016: MorningstarOf the 63 plans Morningstar rates, almost half have a neutral rating and all three plans with a negative rating are sold by advisors.
November 02, 2016
Merrill Kills Mutual Fund Sales in IRAs; DOL Rule Sparks MoveThe wirehouse says it is making the move to get ahead of the April 2017 DOL fiduciary deadline.