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.
Reps Fired by Wells Fargo Asked to Call FINRA
By Janet LevauxFINRA is investigating whether the U5 forms of several hundred employees "contained inaccurate or incomplete comments related to the reason for the termination."
December 07, 2016
Wells Fargo to Pay $1M FINRA Fine Over Client ReportsSome 5 million-plus documents were not reviewed adequately, FINRA says, especially regarding client holdings outside of the bank.
December 06, 2016
Moody’s Turns Negative on Outlook for Global Asset ManagersBusiness conditions for asset managers are at an "all-time low," says Moodys Managing Director Marc Pinto.
December 05, 2016
CANNEX Brings Greater Transparency to Annuity Market: Top Portfolio ProductsIn other product news, Invesco and iShares expand their ETF lineups.
December 02, 2016
Why RIAs and IBDs Favor ETFs Over Actively Managed Funds 4 to 1The increased flows into ETFs are due to many factors including the DOL fiduciary rule.
December 02, 2016
Wells Fargo to Keep Commission-Based Retirement AccountsThe bank outlines steps being taken to support "client choice" under the DOL fiduciary rule.
December 01, 2016
Wells Fargo Splits Chairman, CEO Roles After Account ScandalWells Fargo joins Citigroup as the only other big U.S. bank that has two different execs serving as CEO and chairman.
December 01, 2016
Which Robo-Advisors Are Best? To Find Out, an RIA Invests in ThemCondor Capital, a New Jersey-based RIA, invested in about a dozen robo-advisors to measure their comparable performance.