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 to Ramp Up Reg BI Exams in January
By Melanie Waddell"Most advisors don't have a process in place to cover what SEC Reg BI requires" when it comes to retirement rollover options, says Ed Slott.
December 17, 2020
Top News That Shook Up the Advisory Industry in 2020A look back at the year's biggest deals and VIP developments affecting firms that serve financial advisors.
December 16, 2020
Ameriprise, Others Eyeing Wells Fargo Asset ManagementThe asset management division could fetch more than $3 billion, people familiar with the matter said.
December 16, 2020
Morgan Stanley to Roll Out 'Minor' Comp Changes for 2021Given its earlier "draconian cuts," the wirehouse doesn't "have much room to maneuver" next year, says recruiter Mark Elzweig.
December 15, 2020
Humbug! E-Trade and Schwab Platforms Hit With Technical ProblemsSchwab chalks up its latest issue to a "faulty mainframe connection" that was resolved Monday.
December 14, 2020
UBS Leaves Comp Plan Unchanged for 2021Wirehouse likely wants to avoid defections, as its Americas advisor headcount was 6,353 as of Sept. 30, down 274 from a year ago.
December 14, 2020
Cetera Adds $122M PracticePierson Wealth Management, led by Ivy Pierson, specializes in developing and implementing retirement and estate plans for private clients.
December 13, 2020
State Street, UBS in Discussions About Merging Asset Management Units: ReportThe talks started this year, and the two parties were near an agreement this summer, sources told The Wall Street Journal.