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.
Paul Ryan: What to Expect if Trump Wins, GOP Controls Congress
By Bernice NapachHouse Speaker Paul Ryan discusses six agenda items Republicans would pursue if the party retains control of Congress and wins the presidency.
September 16, 2016
Pressure Intensifies on Wells Fargo’s Stumpf to Claw Back PayLawmakers cite multiple grounds for recouping compensation; Senators letter calls out former executive Carrie Tolstedt.
September 16, 2016
Betterment Played Favorites With Clients After Brexit Vote: Massachusetts RegulatorThe regulator is unhappy with the unequal treatment of Betterments retail and institutional clients during the firms trading halt following Brexit.
September 15, 2016
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition PeriodA British official overseeing trade policy told a SIFMA symposium that the U.K. will definitely not begin the process of exiting the EU before year end.
September 15, 2016
Merrill Hires 3 New York Advisors From UBSBank of America-Merrill Lynch has recruited three veteran financial advisors from UBS with combined client assets of $750 million.
September 14, 2016
$550M Merrill Team Goes Indie With Dynasty in FloridaAlso, Raymond James and Wells Fargo add several Morgan Stanley reps; Pavilion Financial to buy Jeffrey Slocum & Associates.
September 13, 2016
Wells Fargo Drops Product Sales Goals for Retail BankersStep taken after CFPB fines bank for creating fake accounts; Treasury Secretary Lew says scandal shows need for CFPB.
September 12, 2016
$2.2B Morgan Stanley Group Leaves to Form RIAThe Wichita, Kansas, firm will serve about 900 families in Kansas and work with Pershing Advisor Solutions.