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.
Morgan Stanley’s Gorman Defends 25% Pay Raise
By Janet LevauxThe CEOs $22.5 million salary in 2014 does not put him among the top 10 highest paid in the U.S.
May 27, 2015
What Firms Claim About Their Brokers’ Fiduciary Duty (and Lack Thereof)Broker-dealers publicly market themselves as putting their clients first. But when it comes to arbitration cases, they sing a different tune.
May 26, 2015
Wirehouses Lead Growth in Alternative Assets: MMIMMI report attributes the rapid growth in wirehouse-associated alternative investments to goals-based wealth management, simpler terminology and managed solutions programs.
May 26, 2015
Baird Adds Branch Manager From UBS, Advisor From Morgan StanleyThe employee-owned wealth firm added advisors in Maine and Ohio.
May 20, 2015
Six Banks to Pay $5.8 Billion, 5 Plead Guilty to Market RiggingThe charges and settlement are tied to the banks' manipulation of foreign-exchange trading, according to the Justice Department.
May 20, 2015
UBS to Plead Guilty on Libor, Settle Currency Probe With FedUBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates, removing two of the banks biggest legal hurdles.
May 20, 2015
Clients Deserve a Clear Choice Between Sales and AdviceThere's nothing wrong with commissions as long as the clients understand that they are getting sold rather than advised.
May 19, 2015
Merrill, Securities America & Commonwealth Add Reps From RivalsMeanwhile, Focus Financial shares news about its recent executive recruiting.