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.
13 Best & Worst Broker-Dealers: Q2 Earnings, 2019
By Janet LevauxMost financial companies reported good results in the latest quarter, despite volatility.
September 05, 2019
Baird, Stifel Nab Wirehouse, Other Reps: Recruiting RoundupMeanwhile, Janney adds advisors from Raymond James in the Carolinas, and RIA Mercer Global Advisors buys a wealth group in Denver.
August 29, 2019
LPL Adds $700M Team From MML: Recruiting RoundupMeanwhile, Raymond James' employee channel nabs a Wells Fargo complex manager to lead its Denver operations.
August 27, 2019
Wells Fargo Hit With $450K FineBay State regulators gave the bank 159 warnings over the need to register agents and supervisors.
August 22, 2019
American Portfolios Adds New General Counsel From UBSCraig Vollono, who also has worked for AIG and Merrill Lynch, replaces retiring GC Frank Tauches.
August 22, 2019
Morgan Stanley Names New Retirement Chief: Recruiting RoundupMeanwhile, RIA Mercer Global Advisors has bought Regent Wealth of Woodbridge, Connecticut, which works with about $300 million in client assets. With the deal, Mercer
August 21, 2019
Sen. Warren Presses Wells Fargo on Fees for Closed AccountsThe senator has given the bank several weeks to answer questions about the alleged charges.
August 19, 2019
Cantor Fitzgerald, BMO Capital Hit by SEC for Improper Handling of ADRsThe SEC orders find that both Cantor and BMO improperly obtained pre-released ADRs indirectly from other broker-dealers.