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.
$625M Morgan Stanley Team Jumps to RBC
By Janet LevauxMartin Wealth Management Group includes four advisors from three generations.
September 30, 2020
Merrill Restructures Advisor TrainingThe news follows a short-term halt to cold calling by trainees and the exit of the executive who used to lead them.
September 30, 2020
Morgan Stanley to Pay $5M Over Reg SHO ViolationsThe structure of the firm's prime brokerage swaps business resulted in rule violations, the SEC said.
September 28, 2020
State Securities Regulators See Spike in Unregistered Advisor CasesNearly 30 jurisdictions have enacted rules or legislation based on NASAA's model rule to help prevent financial exploitation of older investors.
September 28, 2020
SEC Sets Date for Reg BI, Form CRS RoundtableSEC and FINRA staff will discuss "initial observations" of compliance with the best-interest rules.
September 25, 2020
Raymond James Reports Big Jumps in Fee-Based Assets, CashThe results were reported a week after the firm announced layoffs of 500 staffers.
September 25, 2020
Envestnet, Wells Fargo Clinch Data Sharing DealEnvestnet | Yodlee previously signed data sharing deals with Charles Schwab, Citi and JPMorgan Chase.
September 25, 2020
FINRA Moves Ahead on Expungement ChangesThe changes fill holes in the process, but expungement shouldn't be handled by arbitrators at all, investor lawyers say.