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.
FINRA Bars Ex-Wells Fargo Rep Over Client Money in His Bank Account
By Jeff BermanWells Fargo terminated him in April over those allegations.
July 08, 2021
Wells Fargo to Shut Personal Credit Lines in Shift to CardsThe bank said it's been providing existing clients with 60-day notices their accounts will be closed.
July 08, 2021
Morgan Stanley Reports Breach of Stock-Plan Client DataThe exposed information included names, dates of birth, Social Security numbers and company names but not account passwords.
July 07, 2021
Best & Worst BDs for Advisors: J.D. Power — 2021Employee reps are less satisfied with their BDs than are their independent counterparts, the research group's latest poll finds.
July 01, 2021
LPL Rolls Out New Model Wealth Portfolio Platform Feature: Tech RoundupAlso, UBS launches its fourth Future of Finance Challenge, an open competition for fintech startups and tech entrepreneurs.
June 30, 2021
Tech Giants Are Creeping Into Finance. What's an Advisor to Do?Consultant Craig Iskowitz talks to ThinkAdvisor about adding value and why millennials aren't so special.
June 28, 2021
FINRA Suspends Merrill Rep Over Early UIT RolloversThe rep, also a registered Merrill supervisor, has been suspended for three months and fined $5,000.
June 25, 2021
Merrill to Pay More Than $11M Over UIT RolloversOver 3,000 clients incurred potentially excessive sales charges in connection with early UIT rollovers, FINRA says.