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 to Cut Fees, Keep Commissions Despite DOL Doubts
By Janet LevauxWhile speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
January 26, 2017
Citi Agrees to Pay $18.M to SEC Over Excess Fees on Managed AccountsThis repayment and fine come two weeks after a similar settlement with New York officials.
January 25, 2017
Raymond James Tops Estimates as Profits, Sales RiseThe firm has more than 7,100 reps, $585 billion of assets and growing fee-based revenue.
January 25, 2017
What Morgan Stanley, Wells Fargo and Merrill Lynch Have in CommonFor one thing, they are all examples of why investors need independent advisors.
January 24, 2017
2 Types of ‘Currency’ That Help Women SucceedAt FSI conference, Carla Harris of Morgan Stanley discusses how women can rise and says the push for diversity shouldnt be just "a bull-market phenomenon."
January 23, 2017
Kitces to Advisors: Don’t Fear RobosTechnology, not robo-advisors per se, is transforming the advisory business, says industry blogger and wealth manager Michael Kitces.
January 19, 2017
HighTower Adds $1B Team in Florida: Recruiting RoundupThe group is moving from Wells Fargo Private Bank; meanwhile Focus Financial says a partner firm has wrapped up a deal.
January 18, 2017
Only 16% of Advisors Are Women: CerulliCerulli makes the case that increasing womens representation among advisors brings concrete business advantages.