Wirehouses

Displaying 2322 results
Party's over, Florida. Advisers see trouble looming in state's economy
NEWS WIREHOUSES APR 01, 2020
Party's over, Florida. Advisers see trouble looming in state's economy

A recession could be coming for the Sunshine State, says a Wells Fargo Securities analyst

By Bruce Kelly
Merrill duo managing $900 million goes indie with Raymond James
NEWS BROKER DEALERS APR 01, 2020
Merrill duo managing $900 million goes indie with Raymond James

Neil Goetzman and Jeffrey Nau set up eponymous business in Alexandria, Va.

By InvestmentNews
Wells Fargo duo managing $200 million goes indie through Raymond James
NEWS PRACTICE MANAGEMENT MAR 31, 2020
Wells Fargo duo managing $200 million goes indie through Raymond James

Mark Killingsworth and Stephen Vessey set up shop in Beaver Dam, Wisc.

By InvestmentNews
Wells Fargo suspends job cuts
NEWS PRACTICE MANAGEMENT MAR 27, 2020
Wells Fargo suspends job cuts

It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic

By Bloomberg
Wells Fargo Advisors reverses plan to charge more clients an account fee
NEWS PRACTICE MANAGEMENT MAR 26, 2020
Wells Fargo Advisors reverses plan to charge more clients an account fee

The firm is altering a plan that was unpopular with some advisers

By Bruce Kelly
Morgan Stanley CEO vows no layoffs in 2020
NEWS PRACTICE MANAGEMENT MAR 26, 2020
Morgan Stanley CEO vows no layoffs in 2020

The bank's shares are off 30% so far this year amid concerns about loan losses and the impact of low rates on margins

By Bloomberg
Wells Fargo to give extra pay to most U.S. workers amid crisis
NEWS PRACTICE MANAGEMENT MAR 24, 2020
Wells Fargo to give extra pay to most U.S. workers amid crisis

The bank will make payments to workers who earn less than $100,000 and were employed by Wells for all of 2019

By Bloomberg
Wells Fargo named in new 401(k) lawsuit
NEWS RETIREMENT PLANNING MAR 17, 2020
Wells Fargo named in new 401(k) lawsuit

The company has been sued again over its use of its own products in its retirement plan

By Emile Hallez
SEC bars former Merrill Lynch adviser over alleged $1.7 million fraud
NEWS WIREHOUSES MAR 17, 2020
SEC bars former Merrill Lynch adviser over alleged $1.7 million fraud

The Chicago broker had been fired by the wirehouse and previously barred by Finra

By InvestmentNews
As Wall Street dives, what’s the plan at Wells Fargo Advisors?
NEWS WIREHOUSES MAR 12, 2020
As Wall Street dives, what’s the plan at Wells Fargo Advisors?

The wirehouse's advisers will be closely watching its new leaders

By Bruce Kelly
SEC bars former wirehouse broker over $1.6 million fraud
NEWS PRACTICE MANAGEMENT MAR 12, 2020
SEC bars former wirehouse broker over $1.6 million fraud

The former rep at Wells Fargo and Morgan Stanley was sentenced to 30 months in prison last month

By InvestmentNews
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
NEWS PRACTICE MANAGEMENT MAR 10, 2020
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’

Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'

By Bloomberg
Wells Fargo’s chair quits ahead of Capitol Hill hearing
NEWS PRACTICE MANAGEMENT MAR 09, 2020
Wells Fargo’s chair quits ahead of Capitol Hill hearing

Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday

By Bloomberg
Wells Fargo Advisors imposes account fee on more clients
NEWS WIREHOUSES MAR 05, 2020
Wells Fargo Advisors imposes account fee on more clients

Households now need $500,000 in assets, up from $250,000, for Wells Fargo to waive the fee

By Bruce Kelly
Coronavirus cripples travel plans, postpones industry events
NEWS RIAS MAR 05, 2020
Coronavirus cripples travel plans, postpones industry events

Some at-risk employees are being asked to work from home or attend virtual meetings

By Jeff Benjamin
Team managing $450 million at Wells Fargo starts RIA
NEWS RIAS MAR 04, 2020
Team managing $450 million at Wells Fargo starts RIA

Brown Miller Wealth Management in McLean, Va., will use First Clearing for custody

By InvestmentNews
UBS CEO Ermotti to become chairman of Swiss Re
NEWS PRACTICE MANAGEMENT MAR 03, 2020
UBS CEO Ermotti to become chairman of Swiss Re

The news ends speculation that Ermotti might try to succeed UBS chairman Axel Weber

By Bloomberg
SEC fines Wells Fargo $35 million for unsuitable sales of complex products
NEWS PRACTICE MANAGEMENT FEB 27, 2020
SEC fines Wells Fargo $35 million for unsuitable sales of complex products

Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty

By Mark Schoeff Jr.
Wells Fargo pays $3 billion to settle federal probes
NEWS WIREHOUSES FEB 21, 2020
Wells Fargo pays $3 billion to settle federal probes

The deal allows the bank to avoid a criminal conviction for its sales abuses

By Bloomberg
Wells Fargo nears deal to end federal probes
NEWS WIREHOUSES FEB 21, 2020
Wells Fargo nears deal to end federal probes

The bank will pay about $3 billion to settle the government's investigations into a range of consumer abuses

By Bloomberg