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.
86-Year-Old Says Merrill, UBS, TD Failed to Stop Fraud
By Melanie WaddellThe firms ignored a series of unusually large withdrawals, according to a lawsuit.
October 09, 2025
Merrill Agrees to $9.5M Settlement With Retired Miami DolphinReshad Jones had accused his former advisor of stealing more than $2 million, along with other misconduct.
October 03, 2025
BlackRock's Aladdin Launches AI Commentary Tool for Advisors; Morgan Stanley Signs OnThe new feature will use AI to turn analytics, commentary and client preferences into advisor narratives.
October 01, 2025
UBS Sues 4 Ex-Advisors With $1.4B Over Non-Solicitation AgreementsThe advisors abruptly left to form Loxahatchee Capital and immediately began soliciting UBS clients, the wirehouse alleges.
October 01, 2025
Judge Denies Merrill's Request to Restrain OpenArc Breakaway TeamMerrill sought to bar 12 advisors from soliciting its clients and from encouraging its employees to leave.
September 30, 2025
Schwab: Merrill's 'Corporate Raid' Suit Lacks EvidenceSchwab accuses Merrill of "rank speculation" in the case against the breakaway team that formed OpenArc.
September 26, 2025
OpenArc Mega-Team Fires Back at Merrill's Charge of Corporate RaidingA dozen advisors who left the $129 billion Merrill unit suggest the wirehouse had let their division slide.
September 24, 2025
Merrill Sues Schwab, Dynasty Over Mega-Team's Defection, Alleging Corporate RaidScores of Merrill advisors and other staff left an Atlanta office managing $129 billion for Dynasty-backed OpenArc.