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.
Advisors Using Sector ETFs for Large Chunks of Portfolios: State Street
By Bernice NapachA State Street survey of advisors and wealth managers found that 85% are using sector or industry ETFs in portfolios.
October 31, 2016
Advisor Social Media Use Grows, as Do the Different Ways It’s UsedWhich platforms are used and how often depend on individual firms, advisors noted at a SIFMA forum, which could change when FINRA issues new guidance.
October 31, 2016
Future of Robo-Advice Is Bright, With a Catch: ReportDespite low barriers to entry, incumbents cast a shadow over startups.
October 28, 2016
‘Tainted’ Wells Fargo Facing Advisor Talent Drain: RecruitersThe banks tainted brand means advisors are less likely to join and some will become more interested in leaving, recruiters say.
October 27, 2016
Baird, RBC Wealth Add Advisors From Wells Fargo: Recruiting RoundupMeanwhile, Raymond James picks up a $1.5 million team from UBS in St. Louis.
October 26, 2016
Senators Demand Clawback Rule in Response to Wells Fargo ScandalExecutive-pay rules under Dodd-Frank offer regulators a chance to address these accountability issues at major banks, wrote Sens. Warren and Menendez.
October 26, 2016
Morgan Stanley Keeps Commission Retirement Accounts, Despite DOL RuleThe news comes one week after CEO James Gorman discussed the importance of giving clients choice.
October 25, 2016
Technology Disruption Driving M&A in Wealth ManagementThe first wave of acquisitions was driven by incumbents in an effort to slow down client defection to new entrants.