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.
15 Financial Firms That Are Laying Off Workers
By Michael S. FischerThe trend of surging headcounts in the industry appears to be reversing for now.
December 16, 2022
11 Big Advisor Regs That Moved Forward in 2022The SEC, FINRA and DOL have proposed or finalized several rules this year.
December 16, 2022
Goldman Sachs May Cut Up to 4,000 JobsThe firm's headcount has surged in recent years as CEO David Solomon completed acquisitions to build a more diversified company.
December 14, 2022
What Wall Street Is Saying About the Fed's Rate Hike"Slower growth forecasts, yet more hikes. That's not a great combination for markets," said Richard Bernstein Advisors' Dan Suzuki.
December 14, 2022
LPL Nabs J.P. Morgan Fund Manager for New Model Portfolio RoleGarrett Fish has also worked for Mercury Asset Management, Jardine Fleming and Aetna Capital Management.
December 14, 2022
Why Advisors Should Rethink the 'M' in RMDTaking more than "minimum" distributions, or starting earlier, could mean years of lower taxes for clients.
December 14, 2022
Fed Downshifts to Half-Point Hike, Sees 5.1% Rate Next YearThe hawkish projections could jolt financial markets, where speculation has focused on the view that the Fed would pause its rate hikes.
December 13, 2022
12 Best & Worst Broker-Dealer Stocks of 2022The stock prices of most publicly traded BDs have fallen in 2022, with several notable exceptions.