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.
BDs Address Fiduciary Rule, Growth Challenges
By Janet LevauxThere was not a slowdown in news at major broker-dealers this summer.
July 26, 2017
Wells Fargo FiNet Adds 2 Merrill Teams in California: Recruiting RoundupAs the bank's recent data leak grabs headlines, Dynasty Financial brings on one of its former reps and staff.
July 24, 2017
Wells Fargo Data Fiasco Raises Red Flags, Demands Serious Change: LawyerOther bank observers point to the multiple problems exposed by the recent leak of private data of 50,000 clients and advisors.
July 24, 2017
Wells Fargo Reps: Data Leak Is the ‘Last Straw’A recruiter describes the reactions he is getting from some wealth managers on the first business day after the news broke.
July 22, 2017
Wells Fargo Must Rehire Fake-Accounts Whistleblower, Pay $577KDepartment of Labor made the decision Friday, when private info on 50,000 clients and advisors was released.
July 22, 2017
Wells Fargo Shares Private Info on 50,000 Clients and Advisors: ReportThe data release includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
July 21, 2017
Morningstar, MMI Launch Sustainable Investing InitiativeThe program is focused on educating financial advisors about ESG investments because an increasing number of clients are demanding them.
July 21, 2017
Ameriprise Adds $463M Employee Team From Merrill LynchThe three new advisors are based in Northern California and come on board with four other professionals.