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.
Wells Fargo to Sell Alt Fund Platform to iCapital
By Jeff BermanWells Fargo will invest in iCapital as part of the deal.
June 16, 2020
Morgan Stanley Sued for Bias by Former Diversity ChiefMarilyn Booker spent 26 years at the firm, including 16 as head of its diversity efforts. She was fired late last year.
June 15, 2020
FINRA Enables Reporting of Reg BI-Related Customer ComplaintsStarting July 18, firms will be able to use two new "problem codes" to report customer complaint information.
June 09, 2020
FINRA Mulls Rules on Exam CheatingFINRA's recent exam sweep of firms that are not charging commissions for trades will also be discussed.
June 09, 2020
Merrill Lowers Key Comp Target, AgainAdvisors hit with a growth grid reduction in June can choose to push this pay cut back until Dec. 31.
June 08, 2020
Merrill Lynch Rolls Out New Advisor WorkstationsThe news comes about 18 months after rival Morgan Stanley introduced WealthDesk, its new advisor platform.
June 04, 2020
Merrill Repaid $7M to Fund Investors for OverchargesThe firm failed to ensure that clients received sales charge and fee waivers they were entitled to, FINRA says.
May 29, 2020
13 Best & Worst Broker-Dealers: Q1 Earnings, 2020As in Q1, some broker-dealer results were severely affected by the coronavirus and the need to increase loan-loss provisions.