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.
Wells Fargo Pulls Bonuses, Claws Back Top Exec Awards
By Laura J. Keller, Dakin CampbellBogus-account scandal costs eight leaders pay, equity awards; CEO Tim Sloan, CFO John Shrewsberry among those affected.
February 28, 2017
Wells Fargo Robo Pilot Set for Summer; Rollout for Late 2017The service, to be called Intuitive Investor, aims to bring in new, younger clients to its wealth management unit.
February 28, 2017
Morgan Stanley Takes $70M Charge for Tax-Reporting ErrorsThe wirehouse said the tax-reporting issues affected wealth management clients from 2011 to 2016.
February 28, 2017
JPMorgan Software Does in Seconds What Took Lawyers 360,000 HoursA learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. And that's just the start for JPMorgan.
February 27, 2017
Broker-Dealers Spotlight TechnologyWhile regulatory issues are keeping the wirehouse and other employee-advisor firms busy, other operational matters demand their attention, too.
February 27, 2017
11 Best & Worst Broker-Dealers: Q4 Earnings, 2016Earnings growth in the financial sector has been robust so far, according to LPLs CIO Burt White.
February 24, 2017
Merrill Trims Fees for Some Clients With Less Than $1MThe cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
February 23, 2017
Triad Adds OSJ With 11 Reps, $5B in Assets: Recruiting RoundupMeanwhile, Cambridge promotes executive; Echelon Partners taps ex-LPL M&A specialist, others for new roles.