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.
Ex-Morgan Stanley Advisor Avoids Prison Over Data Theft
By Chris Dolmetsch, Bloomberg, Patricia Hurtado, BloombergGalen Marsh given three years of probation after guilty plea; Russian hackers suspected of stealing data from Marsh.
December 18, 2015
Wells Fargo 2016 Comp Plan Pushes FAs to Give Away Small AccountsAdvisors are being encouraged to transfer clients with $65,000 or less in assets to other professionals at the company.
December 17, 2015
With IBD Business Model Threatened, Who Wants to Buy One?With talk of the possible sale of AIG Advisor Group and Cetera, Jon Henschen and Chip Roame discuss the state of the indie brokerage business.
December 16, 2015
Recruiting Roundup: UBS Picks Up 5 More Credit Suisse AdvisorsMeanwhile, Ameriprise recruits an indie team from Cetera Financial in Denver to its employee channel.
December 16, 2015
FINRA Broker Arbitration Task Force Suggests 51 ChangesThe panel's biggest conclusion: Arbitrators should be paid more.
December 11, 2015
Morgan Stanley to Pay $225M in Corporate MBS CaseCorporate credit unions purchased faulty residential mortgage-backed securities from the bank, which did not admit fraud in the settlement.
December 10, 2015
Investors See Turbulence Ahead; Confidence Somewhat ShakyInvestors who are not retired are significantly more optimistic than retirees who are concerned about the purchasing power of their retirement savings, Wells Fargo found.
December 09, 2015
Recruiting Roundup: Wells Fargo Nabs $1B UBS GroupRaymond James adds Wells & Oppenheimer reps to employee channel, LPL advisor to its indie group.