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.
Morgan Stanley to Launch Advisory 529 Plan
By Janet LevauxAs the industry moves to goals-based planning tied to fees (and not commissions), this step "ties in perfectly," an executive said.
May 26, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Botched Account TransferThe broker transferred $1 million without proper authorization, FINRA said.
May 22, 2020
Honoring Advisors Who Serve(d): Memorial Day, 2020ThinkAdvisor's yearly compilation highlights 37 military veterans who also serve in the financial advisory industry.
May 22, 2020
Morgan Stanley Sees Just Half of Staff in Offices by Year-EndCEO James Gorman also discusses diversity, management pay cuts and business in China at virtual shareholder meeting.
May 21, 2020
FINRA Bars Ex-Wells Fargo Rep Fired for 'Unprofessional Conduct'Broker then refused to appear for on-the-record testimony, regulator says.
May 21, 2020
Morgan Stanley to Open Wealth Unit in CanadaThe new business aims to build on the firm's current Shareworks stock-plan administrative services.
May 21, 2020
Reg BI Unfair to Financial Planners, FPA Tells CourtFinancial planners are required to register as investment advisors but Reg BI allows brokers to avoid such registration, FPA said.
May 21, 2020
Raymond James, RBC and LPL Nab Wirehouse Reps Virtually: Recruiting RoundupThe firms recently added advisors from UBS, Morgan Stanley and Wells Fargo, despite the pandemic-related shutdown.