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.
Morgan Stanley Posts Growth in Advisors, New Assets
By Jeff BermanIts financial advisor headcount grew by 482 from a year ago and from 481 in the prior quarter to 15,950.
January 19, 2021
Merrill Sees Sharp Drop in New Clients as Asset Flows WeakenIts advisor headcount, too, is down from a year ago.
January 19, 2021
Defining 'Best Interest' Will Be a Priority for Gensler's SEC"I can't think of anyone better qualified than Gary" to lead the SEC, former Chairman Arthur Levitt tells ThinkAdvisor.
January 15, 2021
RBC Adds 2 UBS Teams With $900MThe firm welcomed a new group of advisors to its Lincoln, Nebraska branch.
January 15, 2021
Wells Fargo Wealth Unit Boosts Profits, Releases More Advisor DataNew figures released by the bank include the average level of yearly revenues (fees and commissions) per financial advisor.
January 14, 2021
Wells Fargo Names Head of Its New Advice CenterBeth Renner shifts to the new role after nine years as the wirehouse's national director of philanthropic services.
January 14, 2021
Ex-Rep, in Prison, Ordered to Pay Wells Fargo $3MIn 2019, the former broker was sentenced to five years for operating a Ponzi scheme.
January 14, 2021
Citi Revamps Its Wealth BusinessCiti has pooled its institutional and retail wealth management teams to form a single unit, Citi Global Wealth.