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.
Wells Fargo Sold Assets to Remain Under Fed Asset Cap: Report
By Janet LevauxThe bank took the measure as customers borrowed billions on credit lines due to fallout from the COVID-19 pandemic.
July 30, 2020
Morgan Stanley Loses 2 Father-Son Groups to AmeripriseThe news comes as Ameriprise reports second-quarter results, including 9,894 advisors and total client assets of $630 billion.
July 27, 2020
NBA Star Kyrie Irving to Give Cash to WNBA Players Sitting Out Due to PandemicCollaborating with UBS, the NBA star's plan is to offer monetary assistance and financial literacy to WNBA players.
July 23, 2020
Ex-Morgan Stanley Staffers Want Out of NDAs to Discuss RacismAt least six former employees say they can't share their experiences because of non-disclosure pacts they signed.
July 23, 2020
$445M Wells Fargo Reps Move to StifelThe four advisors join the firm in South Dakota and Washington.
July 22, 2020
UBS Scores Naming Rights to New NY Islanders NHL VenueThe firm has made a $1.5 billion private investment into UBS Arena, future home of the Rangers' crosstown hockey rival.
July 21, 2020
FINRA Slams Ex-Morgan Stanley Rep for Unsuitable, Costly InvestmentsFirm's former broker recommended U.S. Treasuries strategy that he profited from, but clients collectively lost money on, FINRA claims.
July 21, 2020
UBS to Pay Over $10M for Muni ViolationsThe firm circumvented the priority given to retail investors in certain municipal bond offerings, SEC claims.