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.
UBS Buying Credit Suisse? Give It a Chance
By Elisa MartinuzziOn paper, the strategic and financial logic is too appealing to ignore.
September 15, 2020
Ex-Broker Says Wells Fargo's Incentives Tanked His BusinessJohn Kwit, now an RIA, tells ThinkAdvisor how the wirehouse pressured him and other employees and how referrals dried up amid the fake-accounts scandal.
September 15, 2020
Cheating on Exams Will Get You Barred, FINRA WarnsFINRA plans to issue a reg notice seeking comment on a "new expedited proceeding" rule for reps and nonreps who cheat on exams.
September 15, 2020
Citi Taps Merrill Exec to Head Wealth ManagementThe news comes less than a week after the bank named Jane Fraser as CEO Michael Corbat's replacement starting in February.
September 14, 2020
UBS Exploring Merger With Credit SuisseA Swiss finance blog says leaders of the two banks could agree on a merger as early as next year.
September 11, 2020
Wells Fargo Says Reps Can Be Wined and Dined for Remote MeetingsUnlike another wirehouse, the bank allows advisors to consume meals and drinks provided by vendors for virtual gatherings.
September 11, 2020
World's Top 20 Biggest Wealth ManagersADV Ratings ranked the firms, including all four wirehouses, by assets under management.
September 10, 2020
How Behavioral Finance Can Help Clients and AdvisorsAdvisors using these techniques tend to educate clients about potential volatility and urge them to expect it, according to a recent industry report.