That covers a lot of territory, but ultimately all such planners and advisors who manage assets (other than annuities or life insurance) fall into one of two categories: They can either beregistered investment advisors(RIAs) or registered representatives that work for an independentbroker-dealer. A...
The move is Wells Fargo's latest in a series of lending products closures. Last year, the bank announced it wouldno longer offerhome equity lines of credit (HELOC). It also announced in 2020 thatit would stop giving auto loans to most independent car dealerships. That could be because, i...
Some brokers work independently or are associated with independent dealer-broker firms rather than wirehouses. How Many Wirehouses Are There? Strictly speaking, there are only four wirehouses: Morgan Stanley, Bank of America’s Merrill Lynch, UBS, and Wells Fargo. There were about 3,378 broker...
Starting this year, if you bought a qualified used electric vehicle from a licensed dealer for $25,000 or less,you may be eligiblefor a nonrefundable credit equal to 30% — up to $4,000 — of the sale price. I made my home more energy efficient. Are there any new tax breaks to o...
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The report concludes that African-American borrowers consistently paid higher "finance markup charges" than white customers when they financed their cars at dealerships through AHFC. Honda's race problem Stable Corporate Health: Fitch rates AHFC's short-term IDR 'F1' and its parent Honda Motor Co...
Gov. Kay Ivey announced on Monday the state is cutting off the $300-a-week benefit on June 19. Alabama will also stop participating in two programs: Pandemic Unemployment Assistance (PUA), which provides jobless benefits to gig workers and others typically not eligible for benefits, and Pandemi...
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No. The internet and cloud computing have done away with any vestige of the past technology used by wirehouses. The use of wirehouse to refer to a full service broker-dealer is virtually non-existent, and is mostly supplanted by terminology such as broker-dealer, brokerage, or investment ban...