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.
LPL Hires BofA Exec as Chief Risk Officer
By Janet LevauxThomas Cappello, a former UBS advisor, is hired two months after LPL rolled out its employee advisor channel.
October 09, 2020
Raymond James Unit Adds $400M AdvisorReynaldo Figueredo joins Alex. Brown from Deutsche Bank, the former owner of the business unit.
October 09, 2020
Morgan Stanley Hit With $60M Fine Over Data BreachesMorgan Stanley failed to properly oversee the decommissioning of two data centers in 2016, the OCC says.
October 08, 2020
Morgan Stanley CEO Goes Hunting Again With $7B Eaton Vance DealJames Gorman's two latest mega-deals are the largest carried out by any of the big banks in Wall Street's post-crisis reincarnation.
October 08, 2020
Should Advisors Fear BofA's New Digital Planning Tool?Life Plan is a "mixed blessing" for Merrill's Thundering Herd, says executive recruiter Mark Elzweig.
October 08, 2020
Wells Fargo Cuts More Than 700 JobsOther firms like Citigroup, Goldman Sachs and JPMorgan also have made targeted reductions.
October 08, 2020
Why Morgan Stanley's $7B Eaton Vance Deal Surprised AnalystsDeal includes Parametric — which offers separately managed accounts and direct indexing — and ESG investment provider Calvert.
October 08, 2020
LPL Adds Health Care, Benefits Programs for AdvisorsPaychex has joined LPL's Vendor Affinity Program and is offering its services with no minimum employee requirements.