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 CEO: Zero Commissions Won't Hurt Advisory Fees
By Janet Levaux"The advice pricing holds up as long as clients are getting value," CEO James Gorman said.
October 15, 2019
Wells Fargo Profits Hurt by $1.6B Legal Charge: Q3 EarningsThe bank's wealth unit lost 76 advisors in the latest quarter and 751 over the past 12 months.
October 15, 2019
$990M UBS Team Jumps to Raymond JamesThe group is based in Bethesda, Maryland, and includes four advisors.
October 15, 2019
eMoney Launches API-Based Solution for AdvisorsUnited Capital is the first firm to sign up for the new offering, eMoney Access.
October 10, 2019
6 Wells Fargo Reps Move to LPL, Woodbury: Recruiting RoundupA group of five employee advisors with $330 million and an independent advisor with $115 million make the move.
October 09, 2019
Zero Commissions a 'Huge Deal' for Advisors, BDs: HenschenBroker-dealer recruiter Jon Henschen breaks down "the ripple effects" of the big brokerages' elimination of most trading commissions.
October 08, 2019
FINRA Updates Reg BI Webpage With Compliance ChecklistThe checklist outlines major requirements and notes differences between FINRA and rules and SEC's Reg BI and Form CRS.
October 07, 2019
Merrill Boosts Trainee Pay by $10KThe wirehouse also has hired 1,700 next-gen wannabe advisors so far this year.