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.
FINRA Moves Ahead on Brokers-as-Beneficiaries Rule
By Melanie WaddellRegulatory group also is looking to build a standard to govern brokers acting as trustees or executors and being given power of attorney.
June 23, 2020
U.S. Bank Names New Head of Private WealthVeteran wirehouse executive Beth Lawlor comes to the unit with more than 20 years of industry experience.
June 22, 2020
How to Break Away & Start Your Own Firm in a PandemicIn the short term, you'll have to adjust to a dual life of taking care of clients by day and building your RIA at night.
June 22, 2020
What Clayton's Departure From SEC Would Mean for Reg BIThe "effectiveness" of Reg BI, Phyllis Borzi said, "will rise and fall on how well it's enforced."
June 22, 2020
FINRA Amends Suitability, CAB Rules to Align With Reg BIThe changes clarify standards and inconsistencies with Reg BI, and are effective June 30.
June 19, 2020
RBC Wealth Adds $2B Reps From Wells Fargo, UBS and Other FirmsThe firm is picking up advisors in New York, Pennsylvania, New Jersey, Virginia and Maryland.
June 18, 2020
Succession Planning Strategy: Convert to an RIA FirstThe wirehouse model of retirement often leaves money on the table.
June 18, 2020
CCO Hit by FINRA for Business Email InfractionsThe FINRA actions shows the importance of retaining electronic communications, Eversheds Sutherland attorneys write.