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.
Fleeced Investors Claim Wells Fargo Facilitated Ponzi Scheme
By Melanie WaddellThe bank allowed suspicious transactions to flow through a scammer's accounts for years, according to a class-action claim.
November 19, 2025
11 Best & Worst Broker-Dealers: Q3 Earnings, 2025BD earnings in the quarter rose as much as 74% from a year ago.
November 14, 2025
$6B UBS Breakaway Team Launches Indie RIAThe newly formed 71 West Capital Partners will use BNY Pershing for custody, clearing and related services.
November 13, 2025
BofA Launches Income Tools for 401(k) ParticipantsThe 401k Pay platform allows plan participants to "easily set, deposit and track their income throughout retirement."
November 11, 2025
Morgan Stanley Starts Research Product Focused on Private FirmsThe bank is joining rivals like JPMorgan Chase and Citigroup as wealthy investors' interest in unlisted startups grows.
November 10, 2025
Ex-Merrill Rep Suspended Over Outside Business ActivityJeremiah Householder referred four customers to a third-party lender owned by his brother-in-law, FINRA says.
November 07, 2025
FINRA Bars Ex-Morgan Stanley Rep Fired for Recommending Unapproved InvestmentsEric Brian Kleiner also failed to fully disclose an outside investment, according to the regulator's order.
November 07, 2025
Ex-Morgan Stanley Rep Suspended Over Transfers From Wife's IRAFINRA suspended Milwaukee-based Michael J. Schmidt for two months and fined him $5,000.