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.
Wall Street Finally Blinks in Fiduciary Standoff
By Bob ClarkThe securities industry has done a masterful job of deflecting initiatives to force firms to act in clients' best interest. Is it different this time?
February 06, 2015
Broker Movement May Well Have a Banner Year in 2015Recruiting packages likely won't get any better, and watch for the continuing rise of the "Super Independents."
February 06, 2015
Merrill Clear Adds Client Travel Service, Boosts TrainingThe firm adds travel services for clients and longevity training for advisors.
February 06, 2015
Wells Fargo Advisors Names New Compliance ChiefJim McHale used to head compliance at E*Trade and served as counsel to SIFMA.
January 29, 2015
TD Ameritrade Launches 4 Initiatives at National ConferenceTDAI chief Tom Nally also vows company will remain focused and vigilant on advocating for the fiduciary standard.
January 23, 2015
Raymond James Grabs $1M Rep From Morgan Stanley in MiamiMeanwhile, Lebenthal Wealth adds a manager and a branch in Michigan.
January 23, 2015
White House Memo Offers a Peek at DOL Fiduciary StrategyTwo top Obama economic advisors write in an internal memo that DOL should tighten broker rules; they share some details from the long-awaited fiduciary redraft.
January 23, 2015
Time for Broker Crackdown as Abuses Cost Retirement Savers Billions: Obama AideA leaked White House memo estimates the cost to 401(k) savers of broker practices like excessive trading and calls for tighter rules.