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.
UBS Americas Cites Higher Regulatory Costs for Q2 Wealth Profit Drop
By Emily ZulzYearly fees and commissions per advisor top rivals at $1.12 million; average assets per rep stand at $150 million.
July 27, 2015
Goldman Clearing Arm to Pay $1.8M FINRA Fine Over OATS ViolationsGoldman Execution & Clearing was fined for more than eight years of Order Audit Trail System-related failures.
July 24, 2015
BofA’s Biggest Reshuffling Since Krawcheck’s Exit Keeps Getting BiggerDays after CFO's high-profile resignation, general counsel Gary Lynch seen as likely to leave his post; wealth chief David Darnell recently announced plans to retire.
July 23, 2015
Moynihan Tightens BofA Grip as Friction Said to Spur ShakeupBank of America CEO Brian Moynihan named the fourth finance chief of his tenure in a broad shakeup as he seeks to reverse shrinking revenue.
July 23, 2015
Credit Suisse to Shrink Investment Bank, Focus on WealthyRegulatory issues continue to plague some of the bank's operations, CEO Thiam says.
July 23, 2015
Compliance Data Analytics: Do as Regulators Say AND as They DoFinancial services firms should follow the lead of the SEC and FINRA and use more sophisticated technology tools to improve their compliance programs.
July 23, 2015
4 Ways to Strengthen BICE in DOL’s Fiduciary RuleThe Labor Departments proposed rule is historic and can be improved by industry suggestions, as long that input doesnt weaken the rule.
July 22, 2015
Wells Fargo, Raymond James Add Reps From UBS, Merrill & Morgan StanleyA veteran female team goes independent in Utah.