1. All
  2. Articles

Watch breaking news videos and read news updates about Wirehouses on investmentnews.com

  1. Articles

    Cetera president blasts White House memo defending DOL fiduciary

    Arguments continue on both sides about the merits of the recently-leaked White House memo and what it means for the standard's future prospects.

  2. Articles

    James Gorman's profitability goal leans on Morgan Stanley's wealth management unit

    Morgan Stanley can hit 10% return on equity driven in part by better margins in the wealth management group, CEO James Gorman said.

  1. Articles

    Expenses take toll on Merrill Lynch's Q4 earnings

    Bank of America Merrill Lynch took a hit in the fourth quarter due to rising expenses and lower interest income, though CEO Brian Moynihan offered a vote of confidence that brokerage chief John Thiel is managing expenses well.

  2. Articles

    BlackRock fund removed from UBS 'select' list

    UBS AG's U.S. wealth management arm has removed the BlackRock Equity Dividend Fund (MDDVX) from its list of preferred funds for advisers, according to a report Wednesday by Reuters.The news agency, which cited a memo dated Tuesday, said the firm was no longer recommending the $28.1 billion fund on

  3. Articles

    Wells Fargo sees results from financial planning

    Wells Fargo Advisors capped off 2014 with relatively strong numbers, as fourth-quarter earnings at its wealth division were up 5% year over year, despite costly investments in technology and higher broker commissions.

  4. Articles

    A case for getting bold on gold

    On today's Breakfast with Benjamin, are investors ready to run back into precious metals? Plus: What a breakup of JPMorgan Chase would look like, seeing 2015 through the eyes of Jeffrey Gundlach, and the pros and cons of living in a state with no income tax.

  5. Articles

    Financial adviser moves set to pick up in 2015

    An analysis of InvestmentNews' Adviser on the Moves database points to an active year starting from the first quarter

  6. Articles

    Merrill loses advisers managing $18.6 billion in 2014

    Wirehouse lost advisers managing $18.6 billion in 2014; veteran brokers blame Bank of America's 'fire first and ask questions later' mentality and expiration of retention deals. (See also: How wirehouses will strike back against breakaways)

  7. Articles

    Morgan Stanley nabs $6.5B Merrill Lynch private wealth team

    Three elite advisers with Merrill Lynch's Private Banking and Investment Group jumped to Morgan on Friday.

  8. Articles

    Morgan Stanley fires broker for stealing thousands of clients' data

    Morgan Stanley fired an employee in its wealth management group who had stolen client data and posted some of it online. The theft affected up to 10% — 350,000 — of the firm's 3.5 million wirehouse clients.

  9. Articles

    Merrill to pay $400,000 over telemarketing compliance shortfall

    New Hampshire Bureau of Securities Regulation says B-Ds do not “fully understand” how to comply with telemarketing rules.

  10. Articles

    Raymond James recruits $300M Morgan Stanley team

    Raymond James has snagged a $300 million team from Morgan Stanley Wealth Management.Craig A. Houck and Richard L. Schooley Jr. will join Raymond James' independent channel, operating as Dogwood Wealth Advisors, with offices in Atlanta and Savannah, Ga.(See who else has joined Raymond James)At

  11. Articles

    Wells Fargo fined $1.5 million for AML failures

    The wirehouse failed to comply with anti-money-laundering requirements by not properly vetting some 220,000 new client accounts over a nine-year period, Finra charged.

  12. Articles

    Wells Fargo tweaks deferred comp, pay on stock trades

    Advisers could earn more deferred pay, but minimum ticket size for payout on equity trades upped to $125.

  13. Articles

    Powerful Wells Fargo division takes over firm's wealth management research functions

    New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.