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 Eyes More Job Cuts After Headcount Swells in 2020
By Sridhar NatarajanWhile the six biggest banks have cut 140,000-plus jobs over the past eight years, they've added some 2,000 employees this year.
November 18, 2020
FINRA Pushes Ahead With More Bad-Broker RulesOne of the rules would place new obligations on BDs whose records raise investor-protection concerns.
November 17, 2020
'One Bad Rule After Another': Top Democrat Takes SEC's Clayton to Task"It doesn't seem like you have any way to tell if this rule will help at all," Sen. Sherrod Brown said of Reg BI.
November 16, 2020
Why Fidelity's New Advisor Platform Is a Big DealNo other firm offers anything quite like FMAX, but that will change quickly, industry watchers tell ThinkAdvisor.
November 16, 2020
$2B Morgan Stanley Team Jumps to LPLThey will align with the hybrid RIA Gladstone Wealth Partners.
November 16, 2020
Fidelity Rolls Out Comprehensive Wealth Platform for AdvisorsThe Fidelity Managed Account Xchange (FMAX) is available to RIAs, family offices and BDs.
November 13, 2020
SEC Hits Ex-Wells Fargo CEO Stumpf With $2.5M FineStumpf and Carrie Tolstedt, the former head of Wells Fargo's Community Bank, were sanctioned for allegedly misleading investors.
November 12, 2020
Wells Fargo Explores Selling Private-Label Card UnitThe bank also is mulling sales of a $607 billion asset manager, corporate-trust unit and $10 billion student-loan portfolio.