Wirehouses

Displaying 2292 results
UBS plans Miami office to work with Latin American firms
NEWS WIREHOUSES JAN 13, 2020
UBS plans Miami office to work with Latin American firms

The Swiss bank is targeting billions of dollars managed by Latin American intermediaries booking assets in the U.S.

Wall Street targets Silicon Valley rich
NEWS BROKER DEALERS JAN 13, 2020
Wall Street targets Silicon Valley rich

Citi, Bank of America and Morgan Stanley are among the firms beefing up their wealth management efforts in Northern California

Wells Fargo team with $800 million moves to Raymond James
NEWS BROKER DEALERS JAN 10, 2020
Wells Fargo team with $800 million moves to Raymond James

Daniel Kaschmitter and William Gelegotis are joining the employee unit in Salt Lake City

It's 2020, and the chase for big commissions is back
NEWS BROKER DEALERS JAN 08, 2020
It's 2020, and the chase for big commissions is back

The financial advice industry is priming the pump to increase sales of high-commission products

UBS wealth unit revamp gathers pace
NEWS WIREHOUSES JAN 07, 2020
UBS wealth unit revamp gathers pace

The wirehouse plans to cut as many as 500 private banking jobs as it moves forward with its overhaul

Wells Fargo to remain under political pressure through 2020, Cowen warns
NEWS WIREHOUSES DEC 26, 2019
Wells Fargo to remain under political pressure through 2020, Cowen warns

An analyst is forecasting trouble for the wirehouse through next year, with mounting risk as Democrats take aim

Decline of brokerage research accelerates as disruptive forces reshape industry
NEWS WIREHOUSES DEC 19, 2019
Decline of brokerage research accelerates as disruptive forces reshape industry

Machines are doing a lot more of the work and investors are piling into passive funds.

Merrill Lynch duo managing $270 million moves to Raymond James
NEWS BROKER DEALERS DEC 19, 2019
Merrill Lynch duo managing $270 million moves to Raymond James

Christopher Stanford and Matthew Douglas are joining the employee unit

Wells Fargo Advisors signs up more than 1,000 advisers for new succession plan
NEWS PRACTICE MANAGEMENT DEC 12, 2019
Wells Fargo Advisors signs up more than 1,000 advisers for new succession plan

Program gives advisers who stay until retirement an additional bonus of 25% of their trailing 12

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

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.

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.

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

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

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.

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.

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.

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.

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

Four questions for advisers contemplating a move.

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