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.
A 6-Point Advisor To-Do List for 2015
By Angie HerbersLove that bull market, but to succeed next year no matter how the markets behave, you'll need to follow these six steps.
December 16, 2014
FINRA Penalizes Merrill $2.4M Over Pricing of GM NotesThe fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
December 15, 2014
UBS Reps to See Bigger Wealth BonusesThe 7,000 reps are set to receive more fees and commissions tied to insurance, lending and planning work.
December 11, 2014
Merrill’s New Comp Plan Pushes Reps to Drop Small ClientsEnhanced payouts will be offered to reps who bring in new high-net-worth households as smaller clients will be directed to Merrill Edge.
December 11, 2014
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPOThe firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
December 09, 2014
Morgan Stanley to Award More Bonuses Up FrontMorgans compensation committee agreed to defer future bonus pools at an average rate of 50% instead of 80%.
December 08, 2014
In Search of the Best Financial Planning Software: IntegrationAs I near my decision on which financial planning software to choose, a last-minute integration issue arises.
December 04, 2014
How Will AUM Advisors Weather the Next Market Downturn?With an average profit margin of 22%, not all advisory firms may even survive the next downturn.