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.
How Did Advisor Portfolios Perform After COVID-19 Hit? Very Well, Says Invesco
By Bernice NapachThe firm's study of several hundred portfolios found that many advisors shifted allocations to investments that outperformed.
December 08, 2020
Wells Fargo Facing 'Uphill Fight' Over Fed's Growth CapInvestors are optimistic the cap will be lifted soon. Regulators, and the bank itself, are more cautious.
December 07, 2020
Merrill to Pay Record $26M to Settle Churning CaseThe firm failed to supervise an ex-broker who allegedly traded excessively in clients' accounts without authorization, New Hampshire regulators say.
December 07, 2020
$3.75B Breakaway RIA Moves to PershingBoston-based Mayflower Advisors spent the past 15 years with Wells Fargo Advisors Financial Network.
December 04, 2020
Merrill Ends Advisor Payouts on Small AccountsBut the firm's decision to leave its comp grid alone stands as welcome news for advisors, consultant Andy Tasnady says.
December 03, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Took Client Info to New FirmThe rep was suspended for 10 days and fined $5,000 for alleged actions when leaving to join Raymond James.
December 03, 2020
Bestow to Acquire Iowa-Based Insurer: DealsAmeriLife, Milliman, MIB, Newcleus and NFP also have deal news.
December 03, 2020
Morgan Stanley Expanding Estate ServicesWirehouse's team of 25 staff provides "concierge support" for clients when there's a death, says Field Strategic Services chief Lisa Golia.