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.
4 Ways to Strengthen BICE in DOL’s Fiduciary Rule
By Knut A. RostadThe Labor Departments proposed rule is historic and can be improved by industry suggestions, as long that input doesnt weaken the rule.
July 20, 2015
Morgan Stanley Q2 Wealth Profits Up 20% as Advisor Headcount FallsCEO Gorman said the advisor recruiting environment was "pretty stable" and that the firm was unlikely to pursue an acquisition.
July 15, 2015
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel ProfitThe news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
July 15, 2015
Wells Fargo Mulls Robo-Advisory OfferingThe news comes more than five years after BofA rolled out Merrill Edge.
July 15, 2015
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.
July 14, 2015
Wells Fargo Profits Flat, but Wealth Unit JumpsThe wealth units Q2 results had an 11% rise in profits on higher asset-based fees.
July 14, 2015
JPMorgan Profit Beats Analysts’ Estimates as Expenses DropThe bank boosts net income despite a drop in revenue amid sluggish fixed-income trading.
July 10, 2015
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS TeamThe four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.