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.
Wells Fargo Close to Selling Asset Management Business: Report
By Jeff BermanThe wirehouse is in exclusive talks to sell the unit to a private equity consortium, according to Reuters.
January 12, 2021
Biden to Pick Gary Gensler for SEC Chief: Reuters"A knowledgeable and aggressive choice," lawyer Nick Morgan says.
January 11, 2021
$435M Team Ditches Merrill for Sanctuary WealthThe move comes as Merrill is closing its offices in the Ohio city where the team is based, Sanctuary says.
January 08, 2021
Janney Drawing Steady Stream of Wirehouse RecruitsThe firm recruited 43 advisors and nearly $4 billion in assets to its Private Client Group in 2020.
January 07, 2021
Wells Fargo to Exit Non-U.S. Wealth BusinessThe wirehouse is leaving the international segment as part of its aim of "simplifying" operations.
January 06, 2021
Tech Problems on Merrill, Thinkorswim Trading Platforms Tick Off InvestorsThinkorswim reported "longer than normal wait times" and an issue with "charts not loading."
January 06, 2021
Under Trump Order, SEC Warns of Investments in Chinese Military CompaniesBeginning on Jan. 11, U.S. persons will be prohibited from transacting in certain securities and derivatives of these companies.
January 04, 2021
Ex-Rep Sues Morgan Stanley Over Deferred CompA broker says the firm wrongly withheld more than $500,000 from him when he left.