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.
UBS Wealth to Make Biggest Tech Overhaul Since Paine Webber
By Sonali Basak and Lananh NguyenThe wirehouse is working with Broadridge to revamp back-office functions and streamline management of multiple accounts for ultra-wealthy clients.
October 24, 2018
RBC Nabs $1.4B Wells Fargo Team: Recruiting RoundupMeanwhile, Raymond James adds wirehouse reps with $198 million in assets, while LPL Financial picks up teams from rivals with over $1.3 billion.
October 24, 2018
Morgan Stanley Fight Shows How Firms Smear Exiting AdvisorsDale Cebert fought back and it cost him nearly $2 million in legal fees, but most advisors can't afford to clear their names.
October 23, 2018
BofA Merrill Lynch Sees the Future: U.S. Stock Roller CoasterYield curve cycle points to enduring era of higher volatility; Goldman echoes prediction for more price swings based on GDP.
October 23, 2018
Why the Workplace Gender Gap Should Matter to AdvisorsGoldman Sachs Global Markets Institute reports on the extent of the salary gap and what companies should do.
October 22, 2018
Goldman Moves Digital Bank to Wealth Unit in Expansion BidWhile the unit, Marcus by Goldman, currently offers only personal loans and deposit accounts, it has ambitions to expand.
October 22, 2018
Wells Fargo to Pay New York $65M Over Cross-SellingThis settlement is separate from the AG's continuing investigation of the bank's opening of fake accounts.
October 19, 2018
Ex-Morgan Stanley Rep Owes Firm $108KAlexander Clark Jones failed to pay a promissory note and is now liable for it, along with interest and associated costs, a regulatory panel says.