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.
7 Economic Questions, Answered by BofA Analysts
By Michael S. FischerThe analysts addressed several big questions about 2020, and many of their predictions are positive.
December 16, 2019
Merrill, Brokers Off the Hook for Foreign Investors' Losses: FINRA PanelTwo claimants deposited a "substantial amount of money" into a Merrill account with access to margin borrowing.
December 13, 2019
Ex-UBS Supervisor Wins $11.3M Defamation AwardThe case concerns Mark Munizzi and his role overseeing a broker's uncovered-options strategy and related issues.
December 12, 2019
Wells Fargo Leaves Comp Grid Alone for 2020, Tweaks Payouts on Small AccountsIt's "notable" that Wells Fargo has left its grid intact as other wirehouses have made changes, recruiter Mark Elzweig says.
December 12, 2019
JPMorgan Forms New Wealth BusinessThe unit starts with an asset base of about $400 billion, far smaller than its wirehouse rivals.
December 12, 2019
Stifel Financial Picks Up 5 Wirehouse RepsIts latest recruits include a Merrill trio in Kentucky with nearly $100 million in client assets.
December 12, 2019
Securities America Nabs $565M Ameriprise Team: Recruiting RoundupMeanwhile, LPL Financial, Cetera and Raymond James bring on advisors from rivals.
December 10, 2019
Wells Fargo Kills Commissions for DIY InvestorsThe move to zero follows the industry trend started by Charles Schwab in early October.