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.
SEC Doles Out New Whistleblower Award, as Advocates Fret Over Rule Changes
By C. Ryan BarberOverall, the program awarded more than $175 million to 39 whistleblowers in the fiscal year that ended Sept. 30.
October 29, 2020
$475M UBS Team Jumps to RBC WealthThe Michigan-based group spent the past nine years at UBS and earlier was part of Merrill Lynch.
October 28, 2020
SEC Issues Warning on Complex Investment ProductsExpanded access to self-directed accounts and complex investment products may require tighter controls, SEC officials said.
October 28, 2020
JPMorgan Rebrands Wealth Management BusinessThe overall business has been renamed J.P. Morgan Wealth Management, while J.P. Morgan Securities has become J.P. Morgan Advisors.
October 27, 2020
UBS to Invest $200M in Fintech FirmsThe wirehouse launched an initiative called UBS Next, targeting investments in fintech and the overall tech sector.
October 26, 2020
$550M Merrill Team Jumps to RockefellerThe firm's latest recruiting news comes two months after a $400 million group joined it from Morgan Stanley.
October 26, 2020
UBS to Boost Fixed Pay, Cut Bonuses in Comp RevampThe changes come as competition for top bankers heats up, with Julius Baer and Credit Suisse recently poaching UBS teams.
October 26, 2020
SEC Chief: Firms 'Meeting Their Obligations' on Reg BIBut some areas of Form CRS need improvement, Jay Clayton says.