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.
Financial Reform Bill and the Fiduciary Standard for Brokers
By Kate McBrideFinancial advisors don't have to give advice, but for those who do, there's no need to be afraid of fiduciary duty to clients.
July 14, 2010
Financial Firms Geared Up for Q2'10 Earnings SeasonCharles Schwab, JP Morgan, Bank of America and Citigroup report earnings this week.
July 13, 2010
Financial Reform: Passage This Week, Senate Sources PredictThree key Republican Senators now on board to support the bill.
July 13, 2010
SEC's CIO to RetireCharles Boucher, head of IT for the Securities and Exchange Commission and a former Morgan Stanley executive, is set to leave the financial-services field.
July 12, 2010
Morgan Stanley Attracts Seven Advisors from RivalsThe new Morgan Stanley Smith Barney FAs may bring over close to $5 million in yearly commissions and fees and nearly $560 million in client assets from UBS and Charles Schwab.
July 01, 2010
Financial Planning: Some Advisors Need a BoostAs a new fiduciary standard looks more likely, broker-dealer may want to help financial advisors improve their financial-planning skills and resources, a new Aite survey finds.
July 01, 2010
LPL Financial Shares IPO Plans; On Track to Rival WirehousesLPL Financial filed statements with the SEC in early June 4 to go public with an estimated $600-million stock offering. The independent broker-dealer has 12,026 independent...
June 24, 2010
REFORM DEAL: Fiduciary Standard Can Apply to BrokersIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.