Wirehouses

Displaying 2322 results
BofA puts final nail in the coffin of commissions on Merrill Edge platform
NEWS FINTECH DEC 09, 2019
BofA puts final nail in the coffin of commissions on Merrill Edge platform

The $225 billion digital platform dumps trading costs to stay competitive

By Jeff Benjamin
Finra arbitrators order UBS to pay female brokers $171,445
NEWS WIREHOUSES DEC 03, 2019
Finra arbitrators order UBS to pay female brokers $171,445

UBS considers low damages award an 'overwhelming rejection' of their claims.

By Mark Schoeff Jr.
Financial firms say they are making inroads in creating more diverse workforce
NEWS PRACTICE MANAGEMENT NOV 13, 2019
Financial firms say they are making inroads in creating more diverse workforce

Merrill Lynch, Chase Wealth Management tout people of color in training programs.

By Mark Schoeff Jr.
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo
NEWS WIREHOUSES OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
NEWS PRACTICE MANAGEMENT OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
NEWS PRACTICE MANAGEMENT SEP 27, 2019
Wells Fargo names BNY Mellon's Charles Scharf CEO

The new CEO will lead the efforts to turn the bank around after a series of scandals.

By Bloomberg
Morgan Stanley fined $225,000 over questionable muni bond trades
NEWS WIREHOUSES SEP 19, 2019
Morgan Stanley fined $225,000 over questionable muni bond trades

SEC: Firm was swapping bonds for clients with no alleged benefit to the customer.

By Bruce Kelly
Adviser must pay former employer $358,000 for violating employment contract
NEWS RIAS SEP 10, 2019
Adviser must pay former employer $358,000 for violating employment contract

Arbitrator ruled that adviser was supposed to pay a fee for every former client he solicited.

By Jeff Benjamin
UBS considering mergers to cope with European banking market malaise
NEWS WIREHOUSES SEP 05, 2019
UBS considering mergers to cope with European banking market malaise

But consolidation in Europe has proven challenging, with Deutsche Bank and Commerzbank breaking off talks earlier this year.

By Bloomberg
Testing the breakaway waters
NEWS OPINION SEP 04, 2019
Testing the breakaway waters

Four questions for advisers contemplating a move.

By Paul Simons
UBS reshuffles execs atop wealth management unit
NEWS PRACTICE MANAGEMENT AUG 29, 2019
UBS reshuffles execs atop wealth management unit

Former Credit Suisse Group banker Iqbal Khan will replace wealth management co-head Martin Blessing

By Bloomberg
UBS hit with $4.4 million arb award over Puerto Rico bonds and funds
NEWS WIREHOUSES AUG 22, 2019
UBS hit with $4.4 million arb award over Puerto Rico bonds and funds

Finra panel gives UBS investors $4.25 million in damages, $170,000 in costs.

By Bruce Kelly
As Wells Fargo seeks CEO, toll on stock hits $24 billion
NEWS PRACTICE MANAGEMENT AUG 20, 2019
As Wells Fargo seeks CEO, toll on stock hits $24 billion

Since the bank began its hunt for a leader to replace Tim Sloan, the stock has slipped into the red for the year

By Bloomberg
Makeover at Wells Fargo Advisors well-received
NEWS PRACTICE MANAGEMENT AUG 20, 2019
Makeover at Wells Fargo Advisors well-received

The wealth management network again reduces its corporate structure as part of realignment.

By Bruce Kelly
The fight over who owns the client comes to RIAs
NEWS RIAS AUG 13, 2019
The fight over who owns the client comes to RIAs

Mercer Global Advisors sues adviser who jumped to a competitor.

By Bruce Kelly
Morgan Stanley arms reps with ESG analysis tool
NEWS RIAS JUL 29, 2019
Morgan Stanley arms reps with ESG analysis tool

The new impact quotient pairs impact objectives with investments

By Jeff Benjamin
Raymond James, Ameriprise add advisers in Q2, as two wirehouses shed them
NEWS BROKER DEALERS JUL 25, 2019
Raymond James, Ameriprise add advisers in Q2, as two wirehouses shed them

Both firms on receiving end of steady drip of advisers leaving Wall Street.

By Bruce Kelly
UBS loses 248 advisers in the Americas over past year
NEWS PRACTICE MANAGEMENT JUL 23, 2019
UBS loses 248 advisers in the Americas over past year

Meanwhile adviser annual productivity reaches new peak of $1.35 million.

By Bruce Kelly
Merrill Lynch advisers should expect current pay grid to stay in place for 2020
NEWS PRACTICE MANAGEMENT JUL 17, 2019
Merrill Lynch advisers should expect current pay grid to stay in place for 2020

After two years of changes to focus on adding clients, the firm intends to stand pat.

By Bruce Kelly
Wells Fargo Advisors slows down outflow of advisers
NEWS PRACTICE MANAGEMENT JUL 16, 2019
Wells Fargo Advisors slows down outflow of advisers

The firm had a net loss of 29 advisers compared with 140 the quarter before.

By Bruce Kelly