Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Merrill Ordered to Pay Clients Nearly $3.7M Over PE Investments
By Dinah Wisenberg Brin“This is the largest FINRA customer award against Merrill Lynch this decade," the clients' lawyer said.
June 27, 2025
Trial Underway for Ex-Banker Charged With Murdering BofA ExecAnthony Duwayne Turner is fighting charges that he killed Michelle Avan, his former girlfriend.
June 27, 2025
$1.1B UBS Team Moves to RBC WealthThe nine-member Centennial Wealth Management Group joins a new branch office in suburban New York.
June 26, 2025
SEC Kicks Off Review of Rules Governing Executive Pay and PerksIt may overhaul rules affecting the disclosures of compensation, including bonus clawbacks.
June 03, 2025
Wells Fargo’s Asset Cap Lifted by FedThe cap, an unprecedented punishment for years of scandals, has restricted the firm's size since 2018.
June 03, 2025
Goldman, Morgan Stanley and JPMorgan Laying Off Staff in JuneHundreds of positions are being cut in New York and New Jersey.
May 30, 2025
Merrill Picks Up 6 Advisors From Rival WirehousesThe reps worked with combined assets of over $1 billion while at Morgan Stanley, UBS and Wells Fargo.
May 29, 2025
At Morgan Stanley, This Ex-Teacher Schools the Heirs of Ultra-Wealthy ClientsPublic schoolteacher turned executive director Charline Burgess prepares the next generation to be stewards of great wealth.