Wirehouses

Displaying 2348 results
Coronavirus cripples travel plans, postpones industry events
RIA NEWS 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
RIA NEWS 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
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
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
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
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
Morgan Stanley takes cue from Merrill with ETrade deal
WIREHOUSES FEB 20, 2020
Morgan Stanley takes cue from Merrill with ETrade deal

Will ETrade become a part of its business where Morgan Stanley can vet young advisers?

By Bruce Kelly
Rudy Adolf takes swipe at  wirehouse brokerage after Morgan deal
RIA NEWS FEB 20, 2020
Rudy Adolf takes swipe at wirehouse brokerage after Morgan deal

Focus Financial CEO says Morgan Stanley's purchase of ETrade shows traditional brokerage model is broken

By Bruce Kelly
Morgan Stanley's well-timed purchase gives ETrade new life
WIREHOUSES FEB 20, 2020
Morgan Stanley's well-timed purchase gives ETrade new life

RIAs that work with ETrade are in limbo for now as the big bank concentrates on wallet share and ETrade's stock purchase plan business

By Jeff Benjamin
Morgan Stanley is buying ETrade for $13 billion
WIREHOUSES FEB 20, 2020
Morgan Stanley is buying ETrade for $13 billion

The all-stock deal will reshape the wealth management landscape

By Jeff Benjamin
UBS names outsider Hamers to succeed CEO Ermotti
PRACTICE MANAGEMENT FEB 20, 2020
UBS names outsider Hamers to succeed CEO Ermotti

In his tenure as chief executive at ING, Ralph Hamers has been known for promoting digital banking

By Bloomberg
Goldman loses $10 billion wealth teams to rival banks
PRACTICE MANAGEMENT FEB 19, 2020
Goldman loses $10 billion wealth teams to rival banks

One group of advisers is joining UBS while the other is reportedly moving to First Republic

By Bloomberg
UBS has begun search for successor to CEO
PRACTICE MANAGEMENT FEB 14, 2020
UBS has begun search for successor to CEO

Sergio Ermotti reportedly briefed bank executives on his plans to step down this year

By Bloomberg
Arb case pits Morgan Stanley against NFL rusher Adrian Peterson
WIREHOUSES FEB 13, 2020
Arb case pits Morgan Stanley against NFL rusher Adrian Peterson

The potential Hall of Famer claims his broker gave him misleading investment advice

By Jeff Benjamin
BofA starts selling benefits packages to corporate banking customers
RETIREMENT PLANNING FEB 12, 2020
BofA starts selling benefits packages to corporate banking customers

The company is pursuing more business with those clients by providing 401(k)s, HSAs and other benefits

By Emile Hallez
Wells Fargo ends mandatory arbitration for sexual harassment claims
WIREHOUSES FEB 12, 2020
Wells Fargo ends mandatory arbitration for sexual harassment claims

The change follows discussions with stakeholders and a shareholder proposal last year on the practice from Clean Yield Asset Management

By Bloomberg
Merrill Lynch taps new lieutenant for Andy Sieg's growth plan
PRACTICE MANAGEMENT FEB 12, 2020
Merrill Lynch taps new lieutenant for Andy Sieg's growth plan

Craig Young was promoted to a national position in which he will coordinate strategy across the firm

By Bruce Kelly
Wells Fargo reorganizes business lines
PRACTICE MANAGEMENT FEB 11, 2020
Wells Fargo reorganizes business lines

Jon Weiss, the head of wealth and investment management, has been named CEO of corporate and investment banking

By Bloomberg
Barred broker sentenced to 30 months for defrauding clients
WIREHOUSES FEB 06, 2020
Barred broker sentenced to 30 months for defrauding clients

Elias Herbert Hafen ran his scam at Wells Fargo and Morgan Stanley

By InvestmentNews
Frozen Wells Fargo bonuses show a peril for bankers after crisis
PRACTICE MANAGEMENT FEB 06, 2020
Frozen Wells Fargo bonuses show a peril for bankers after crisis

Retiring executives are having a hard time collecting deferred stock compensation, even if they weren't involved in the bank's scandals

By Bloomberg