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.
Top Portfolio Products: Global X, Nuveen Add ETFs; Financial Engines Expands Services
By Marlene Y. SatterGlobal X introduces three tech ETFs while Nuveen adds bond ETF focused on additional yield.
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.
September 12, 2016
Top Portfolio Products: New Funds from Fidelity, CBOE Vest and DirexionFidelity introduced six factor-based ETFs, CBOE Vest added a defensive stock fund and Direxion launched two leveraged ETFs.
September 08, 2016
Betterment Study Urges Strong Oversight of Advisors Working With 401(k) PlansThe study, conducted by Forrester Consulting, recommends that employers demand more information on 401(k) fees and investment decisions from advisors.