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.
Will Wells Fargo's Sale of Its Asset Unit Boost Its Image?
By Jeff BermanThere's much to debate when it comes to the impact of the WFAM sale on the bank, its advisors and its reputation, experts say.
February 08, 2021
Reddit GameStop Incident Could Spur Move to T+1Robinhood's CEO is pushing for a shorter trade settlement cycle, but it's not a quick change for the industry to make.
February 08, 2021
$6.5B JPMorgan Team Jumps to UBSThe seven-person Legacy Multi-Family Group joins the wirehouse in the Century City area of Los Angeles.
February 04, 2021
LPL Nabs First Employee Rep Since Allen & Co. PurchaseLouisiana-based Tiger Blackwell joins as an independent employee advisor from Stifel, where he worked with about $100 million in assets.
February 03, 2021
FINRA Targets 'Game-Like' Digital PlatformsAsked if it was concerned about potential FINRA sanctions, MassMutual says it's reviewing "Roaring Kitty" GameStop trading activity.
February 03, 2021
Schwab Exec Outlines Service 'Challenges,' Plans for ImprovementThe company is reviewing some decisions related to the TD Ameritrade integration to improve client service, CEO Bettinger says.
February 02, 2021
Wells Fargo Cuts 320 Brokerage Jobs in Virginia: ReportNumber of staff in the Wealth and Investment Management unit was 29,515 as of Dec. 31, 2020 — down by 1,303 from the prior year.
February 02, 2021
Wells Fargo Drops CEO Pay to $20MThis puts Charlie Scharf's compensation behind that of Morgan Stanley's James Gorman but ahead of Goldman's David Solomon.