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.
Ex-Morgan Stanley Lawyer Alleges Retaliation After Raising Corruption Concerns
By C. Ryan BarberThe case, previously unreported, already is teeing up novel legal issues.
August 06, 2018
Merrill Advisors Drop Reuters for FactSet Market DataThe nearly 15,000 advisors, who have average yearly fees & commissions of about $1 million, will make the switch in the fourth quarter.
August 04, 2018
Wells Fargo Discloses Tax-Credit Probe, Accidental ForeclosuresLender says U.S. agencies are examining purchases of credits; separate review finds miscalculation led to 400 foreclosures.
August 02, 2018
Wirehouses Are 'Doing Just Fine': United Capital's BrinkerDespite projections that wirehouses are losing market share, the United Capital exec thinks they have the potential to be "formidable."
August 02, 2018
$550M Wells Fargo Group Moves to Raymond James: Recruiting RoundupPlus, Dynasty Financial Partners helps Michael Henley and several other Merrill Lynch advisors go independent.
August 01, 2018
Wells Fargo to Pay $2.09 Billion to End U.S. Mortgage ProbeInvestors suffered billions of dollars in losses on securities that contained the debts.
July 31, 2018
Morgan Stanley Rolls Out 2019 Comp PlanThe wirehouse tells its 16,300 advisors what incentives it is going to add next year to get clients to add products and services.
July 30, 2018
Details Emerge on Troubles at Wells Fargo Wealth UnitTwo whistleblower letters cited sales goals that led employees to push products with more fees, The Wall Street Journal reported.