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.
Morgan Stanley to Pay $60M Over Data Breaches
By Jeff BermanThe firm allegedly failed to wipe client data from computer equipment it decommissioned and resold.
December 28, 2021
Rules of the Road for Rehiring Ex-EmployeesProceed with caution if the former employee previously participated in your firm's 401(k) or retirement plan, say these tax experts.
December 23, 2021
Merrill Revamps Wealth Management LeadershipThe unit named Lindsay Hans and Chandler Root as new division executives, according to Merrill President Andy Sieg.
December 22, 2021
Harry Dent's Stock Market, Economic Predictions, 1999-2021: How Did They Turn Out?While the "Contrarian's Contrarian" made a name for himself on some correct calls, he has frequently missed the mark.
December 22, 2021
FINRA Fines Merrill $950K for Failing to Red-Flag Reps Stealing From ClientsTwo of the firm's reps stole over $6 million from 13 clients in separate schemes that ran for several years, according to FINRA.
December 21, 2021
FINRA Orders Advisor Group, LPL, MML, UBS, Wells Fargo to Pay $9.5M Over 529 PlansFINRA has been encouraging firms to self-report problems with 529 plan share class recommendations.
December 15, 2021
Wells Fargo Simplifies Comp Hurdles for 2022At the same time, the wirehouse has enhanced the bonus opportunities for its registered representatives.
December 13, 2021
Goldman, Morgan Stanley Say Any Drop in Stocks Likely to Be SmallCurrent index levels, they said, indicate low single-digit returns over 12 months with a maximum drop between 5 and 10%.