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.
Broker Barred for Concealing Commissions From Native American Tribe: Enforcement
By Emily ZulzMeanwhile, a firm principal was barred for falsely claiming the firm had enough assets to register with the SEC.
January 16, 2019
BofA's Wealth Unit Boosts Profits 43%: Q4 EarningsMerrill Lynch chief Andy Sieg says it intends to stay in the broker protocol for recruiting and stay out of the independent channel.
January 15, 2019
Wells Fargo, Advisor Headcount Still in Trouble: Q4 EarningsThe bank will limit asset growth in 2019; meanwhile, another San Francisco-based wealth firm tells a rosier story.
January 14, 2019
RIA M&A Deals Set Record High (Again) in 2018: Echelon PartnersA total 181 deals were completed — a sixth consecutive annual high, the firm reports.
January 11, 2019
Citigroup to Lead Bank Stocks as Earnings Kick Off MondayCitigroup switches places with JPMorgan, which usually reports first but follows a day later with Wells Fargo.
January 10, 2019
Carson Wealth Nabs $500M Wells Fargo Team: Recruiting RoundupLPL has added a team from Wintrust Investments with $640 million in assets to its hybrid platform.
January 07, 2019
NAPA Announces Top Retirement Plan Advisors Under 40The list of 100 advisors was chosen from a list of more than 500, based on a quantitative and qualitative review.
January 03, 2019
Merrill Edge Adds Fund Research Tool With ESG InfoBofA says the Edge platform, which includes its robo-advisor Guided Investing, had close to $204 billion in assets as of Sept. 30.