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.
UBS to Invest $200M in Fintech Firms
By Jeff BermanThe wirehouse launched an initiative called UBS Next, targeting investments in fintech and the overall tech sector.
October 26, 2020
SEC Chief: Firms 'Meeting Their Obligations' on Reg BIBut some areas of Form CRS need improvement, Jay Clayton says.
October 26, 2020
Wells Fargo Drops Plan to End Some 401(k) MatchingThe U-turn came two days after the bank said it would launch the cost-cutting measure, which affected its highest wage earners.
October 26, 2020
Fidelity Expands Reach of Its Model PortfoliosFidelity Model Portfolios are now available to advisors on 16 platforms.
October 23, 2020
Merrill Names New Divisional ChiefThe move comes about a month after the firm restructured its advisor training group and appointed two co-heads.
October 23, 2020
FINRA Amends Sanction Guidelines to Protect Older AdultsThe revision, effective immediately, "is consistent with FINRA's view that certain investors may need additional protections," says attorney Brian Rubin.
October 23, 2020
Wells Fargo Weighs Sale of Asset Management Arm; Restructures Wealth UnitThe news comes shortly after the bank announced it had cut hundreds of jobs, including advisors.
October 22, 2020
UBS Expands Workplace Wealth Solutions: Tech RoundupAlso, LaSalle St. is the latest firm to launch a financial planning platform.