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 Is Sued Over Data Breaches Tied to Missing Equipment
By Melanie Waddell"Current and former customers face a lifetime risk of identity theft," an IRA holder says in a filing.
August 26, 2020
SEC's New Accredited Investor Definition Gets Mixed ResponseSome industry players cheered the expansion, while others said it didn't go far enough.
August 26, 2020
Morgan Stanley Launches 'Women Without Limits' ProgramThe new initiative will focus on promoting financial literacy and spotlighting female leaders.
August 26, 2020
World's Top 20 Biggest Asset Managers: 2020Here are the firms with the most assets under management, according to ADV Ratings.
August 25, 2020
Wells Fargo to Pay $7.8M in Back Wages Over Hiring DiscriminationThe decision affects some 34,200 African Americans and 310 women who applied for banking, administrative and other jobs.
August 24, 2020
UBS Nabs $3B Team From Goldman SachsThe Washington, D.C.-based private wealth group includes three advisors and one trust and estates specialist.
August 24, 2020
$400M Merrill Team Goes IndieThe group is led by Blaine Werner, who spent 43 years with the Thundering Herd.
August 24, 2020
SEC to Take Up Long-Awaited Accredited Investor Definition ChangesAnna Pinedo, partner with Mayer Brown, expects one change will be that various FINRA broker-dealer licenses will be added regardless of net income/net worth.