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.
The Gloomy Future of (Independent) Broker-Dealers
By Bob ClarkIf Michael Kitces is right, a fiduciary standard for all retail advisors may well spell the end of non-underwriting broker-dealers.
March 10, 2016
Recruiting Roundup: Raymond James Draws Breakaway BrokerWells Fargo adds former Merrill team; wealth executives are on the move.
March 07, 2016
SEC Charges Wells Fargo, Rhode Island With Fraud in Curt Schilling’s Failed CompanyThe case concerns $75 million in bonds issued for video game maker 38 Studios by a government entity.
March 04, 2016
Are 7% of Brokers Really Behaving Badly?A recent study found 7.7% of brokers had a record of misconduct over a 10-year period. But not everyone thinks the study holds up.
March 01, 2016
The Breakaway Push Is Sputtering OutThe independent channel is losing allure as a new wave of brokers looks for big deals, recruiter Mark Elzweig writes.
March 01, 2016
LPL Expects to Launch Robo-Advisor This YearLPL is also casting a wide net to attract advisors, including those who want to simultaneously sell their business.
February 29, 2016
Wall St. Meets Hollywood: 9 Biggest Grossing Business MoviesFinancial wheeling and dealing, most recently in the Oscar winner The Big Short, makes for memorable movies and pretty good box office.
February 26, 2016
What Advisors Can Learn From Millennials’ Dislike of BanksSocial media executives stress that advisors can build strong engagement online with clients and prospects.