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.
SEC Charges Father-Son Team With Defrauding Clients
By Jeff BermanAdvisors allegedly concealed from clients that the father wasn't associated with an RIA and used clearing services without authorization.
January 20, 2021
SEC Expected to Shift Focus to Advisors, BDs Under BidenThe SEC under Gensler will shift priorities away from retail investor fraud toward the conduct of institutions, securities lawyers predict.
January 20, 2021
Former RIA Killed Himself After U.S. Capitol Riot ArrestThe advisor was found dead three days after he was arrested Jan. 6.
January 19, 2021
Merrill Sees Sharp Drop in New Clients as Asset Flows WeakenIts advisor headcount, too, is down from a year ago.
January 19, 2021
Defining 'Best Interest' Will Be a Priority for Gensler's SEC"I can't think of anyone better qualified than Gary" to lead the SEC, former Chairman Arthur Levitt tells ThinkAdvisor.
January 15, 2021
RBC Adds 2 UBS Teams With $900MThe firm welcomed a new group of advisors to its Lincoln, Nebraska branch.
January 15, 2021
Wells Fargo Wealth Unit Boosts Profits, Releases More Advisor DataNew figures released by the bank include the average level of yearly revenues (fees and commissions) per financial advisor.
January 14, 2021
Wells Fargo Names Head of Its New Advice CenterBeth Renner shifts to the new role after nine years as the wirehouse's national director of philanthropic services.