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.
In Search of the Best Financial Planning Software: eMoney
By Mike PattonHoping to decide on which software to purchase by next month, I give eMoney a try.
October 28, 2014
UBS’ Advisor Production Tops Merrill’s (Again), as Q3 Profits RiseUBS Wealth managers in the Americas have average annual fees and commissions of nearly $1.08 million.
October 27, 2014
Merrill to Pay FINRA $6 Million Over Reg SHO ViolationsFINRA said Monday that it had fined Merrill's clearing and BD arms for not ensuring that fail-to-deliver positions in short sales were properly closed out.
October 23, 2014
Snowden Lane Picks Up $270M Merrill DuoThis news follows the boutique firms recruiting of a UBS team in late September.
October 23, 2014
Wells Fargo’s Wimbish: Navigating the 30-Year RetirementWells Fargo retail retirement director Karen Wimbish on guiding clients not just to retirement, but through it, and the firm's new Income Center.
October 22, 2014
Wells Fargo Adds 2 Reps, Boosts Overall Headcount in Q3The third-biggest wirehouse says its client assets total $1.4 trillion.
October 20, 2014
Morgan Stanley Recruits 5 Advisors; Merrill Adds TeamThe wirehouses each add registered reps from rival firms with more than $500 million in client assets.
October 16, 2014
DOL Advisor Crackdown Is ‘Out of Control’: Benefits LawyerThe DOL conducted more than 3,600 audits of qualified retirement plans last year. Settlements related to violations totaled $1.7 billion in plan reimbursements and fines.