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.
Janney Nabs $335M Team of Women From Morgan Stanley
By Janet LevauxThe Dupre Keating Group includes four advisors and a client associate working in Pennsylvania and Delaware.
January 16, 2020
Big Banks Reap $32B Windfall From Trump Tax Cuts: ReportBank of America, JPMorgan, Wells Fargo and others paid 18% in taxes vs. about 30% two years ago, Bloomberg says.
January 16, 2020
6 Ways Merrill Aims to Boost Its Brokers' ResultsA Merrill executive discusses some changes on deck for the year, such as training and recruiting shifts.
January 15, 2020
BofA Wealth Unit Tops $3T in Assets; Merrill Headcount Falls: Q4 EarningsMerrill advisors' average 12-month fees and commissions were $1.108 million in the fourth quarter.
January 15, 2020
The Latest Cyber Risk You Need to Know AboutThis risk is "right now off the charts," an FBI special agent said at a FINRA conference.
January 15, 2020
J.P. Morgan Securities to Pay SEC $1.5M for Share Class ViolationsThe brokerage firm failed to provide retail retirement account and charity customers with sales charge waivers and lower-fee share classes.
January 14, 2020
For Wealth Managers, M&As Surge to New Record in 2019The same forces that drove M&A activity in 2019 are expected to prevail this year, according to Fidelity.
January 14, 2020
Goldman Looks Golden After JPMorgan and Citi Results BeatWells Fargo missed estimates, its results included $1.5 billion of litigation accruals, and it forecast net interest income would drop in 2020.