Wirehouses

Displaying 2292 results
Wells Fargo said to discuss sale of asset management unit
NEWS WIREHOUSES OCT 23, 2020
Wells Fargo said to discuss sale of asset management unit

Selling the business could bring in more than $3 billion

Wells Fargo cuts 401(k) match for high earners, hurting advisers
NEWS PRACTICE MANAGEMENT OCT 22, 2020
Wells Fargo cuts 401(k) match for high earners, hurting advisers

"This is a loss of thousands of dollars," one adviser says

Former Wells Fargo manager alleges age, race, disability bias
NEWS PRACTICE MANAGEMENT OCT 22, 2020
Former Wells Fargo manager alleges age, race, disability bias

A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer

UBS rolls out small-business 401(k) fiduciary program
NEWS RETIREMENT PLANNING OCT 22, 2020
UBS rolls out small-business 401(k) fiduciary program

The firm is also adding student-loan guidance for workplace wealth clients

Wirehouse advisers more productive than others, Cerulli finds
NEWS PRACTICE MANAGEMENT OCT 21, 2020
Wirehouse advisers more productive than others, Cerulli finds

Investing in technology seems to pay off, but greater staff support could help

Adviser count down, profit up at UBS
NEWS PRACTICE MANAGEMENT OCT 20, 2020
Adviser count down, profit up at UBS

The company has cut back on its recruiting efforts in recent years and instead focused on adviser productivity

Exit of UBS CEO leaves plenty of work for successor
NEWS WIREHOUSES OCT 20, 2020
Exit of UBS CEO leaves plenty of work for successor

Bank reported better-than-expected profits for the third quarter

Buffett inches toward Wells Fargo exit
NEWS WIREHOUSES OCT 16, 2020
Buffett inches toward Wells Fargo exit

Since Charlie Scharf became the bank's CEO, Buffett's Berkshire Hathaway has unloaded most of its stake in Wells

Morgan Stanley adds advisers during pandemic
NEWS PRACTICE MANAGEMENT OCT 15, 2020
Morgan Stanley adds advisers during pandemic

The wirehouse reports a net increase of 70 advisers during the summer, despite COVID-19

Wells Fargo fires more than 100 workers for abusing federal aid program
NEWS PRACTICE MANAGEMENT OCT 14, 2020
Wells Fargo fires more than 100 workers for abusing federal aid program

Staffers made 'false representations' when they applied for a coronavirus loan program, according to a Wells memo

Wells Fargo cuts 'sizable group' of advisers after profits slump
NEWS PRACTICE MANAGEMENT OCT 14, 2020
Wells Fargo cuts 'sizable group' of advisers after profits slump

The bank reported a year-over-year decline of 815 advisers, according to its earnings report released Wednesday morning

Wells Fargo third-quarter profit slumps
NEWS WIREHOUSES OCT 14, 2020
Wells Fargo third-quarter profit slumps

Bank takes customer remediation and restructuring charges to address old scandal

Tom Nally out at TD Ameritrade
NEWS PRACTICE MANAGEMENT OCT 09, 2020
Tom Nally out at TD Ameritrade

The longtime president of its institutional business is leaving the company, coinciding with its acquisition by Charles Schwab

UBS chairman says bank isn't seeking partner
NEWS WIREHOUSES OCT 09, 2020
UBS chairman says bank isn't seeking partner

Axel Weber denies reports that UBS is planning to merge with a rival

Morgan Stanley fined $60 million over failed hardware oversight
NEWS WIREHOUSES OCT 08, 2020
Morgan Stanley fined $60 million over failed hardware oversight

The Office of the Comptroller of the Currency cited shortcomings related to the decommissioning of data centers for the firm's wealth management unit

Morgan Stanley adviser managing $420 million joins RBC
NEWS PRACTICE MANAGEMENT OCT 08, 2020
Morgan Stanley adviser managing $420 million joins RBC

Gordon Witherspoon is going to the firm's Hunt Valley, Maryland, branch outside Baltimore

Inside Morgan Stanley's $7 billion deal for Eaton Vance
NEWS WIREHOUSES OCT 08, 2020
Inside Morgan Stanley's $7 billion deal for Eaton Vance

The deal adds to the $13 billion acquisition of the discount brokerage E-Trade as the wirehouse looks to evolve beyond its investment banking roots

Morgan Stanley keeps buying, will acquire Eaton Vance
NEWS WIREHOUSES OCT 08, 2020
Morgan Stanley keeps buying, will acquire Eaton Vance

The wirehouse will pay $7 billion for the money manager

Wells Fargo chops more than 700 commercial banking jobs
NEWS PRACTICE MANAGEMENT OCT 07, 2020
Wells Fargo chops more than 700 commercial banking jobs

The bank is embarking on workforce reductions that could ultimately number in the tens of thousands

UBS team managing $300 million goes RIA
NEWS RIAS OCT 06, 2020
UBS team managing $300 million goes RIA

Patron Partners, led by Stephen Caton and Rick Figueroa, sets up shop in Houston