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.
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
By Bernice NapachThe firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
September 16, 2015
Recruiting Roundup: Raymond James Nabs $550M Team From UBSMeanwhile, U.S. Trust adds four advisors, and Cetera picks up Gough Financial as part of an OSJ.
September 13, 2015
The Real Cost of Investment FeesPersonal Capital, an online advisory firm, just released a report showing how much money investors lose paying fees to financial institutions.
September 11, 2015
Can Old Wall Street Firm Re-Emerge as Boutique RIA?The team at C.J. Lawrence says it has the "DNA" to address high-net-worth investors.
September 10, 2015
DOJ Finally Concedes It Prosecutes Corporate Crime All WrongYears after the 2008 financial crisis, the Justice Department says it wants to focus on individuals who commit corporate crimes rather than on companies.
September 09, 2015
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From MerrillMeanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
September 08, 2015
Why Now Is a Good Time to Remind Clients to Save for CollegeSeveral states are offering prize money this month to families who contribute to their in-state 529 plan.
September 03, 2015
Credit Unions Beat Banks in Financial Advisor RevenueThe average credit union FA is now generating more revenue than the average advisor in a large bank that owns its broker-dealer.