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 Slaps RBC With $2.9M Fine
By Jeff BermanOver eight years, the firm failed to ensure that investors in ETFs, ETNs and mutual funds received prospectuses.
October 24, 2019
Cambridge Nabs $2.5B Group: Recruiting RoundupMeanwhile, Stifel adds two Merrill reps, Raymond James picks up a Wells Fargo team, and Integrated Partners expands.
October 23, 2019
UBS to Expand Lineup of No-Fee SMAsPlus, the firm is opening its asset management platform to outside vendors to better align its offerings with SEC Reg BI.
October 22, 2019
12 Top US Wealth Management FirmsAite Group finds many of the biggest financial services firms boosting their wealth management capabilities.
October 21, 2019
UBS Wealth Exec Moves to Deutsche BankSamuel Descovich will lead products and solutions in the Americas and work on expanding the ESG lineup.
October 21, 2019
$380M Wells Fargo Team Leaves for JanneyThe group includes three veteran advisors and is based in Bel Air, Maryland.
October 21, 2019
FINRA Bars 2 Advisors for Excess Trading in Billionaire Roy Speer's AccountsForte Group made more than 2,800 trades in Speer's accounts in less than a year, FINRA says.
October 21, 2019
Merrill Edge Expands Free Online TradingThe move follows elimination of online trading fees by Schwab, TD Ameritrade, E-Trade, Fidelity and Ally Financial.