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 Plans to Cut Staffing Up to 10% Over 3 Years
By Hannah LevittThe bank had 265,000 employees as of June 30.
September 19, 2018
Wells Fargo Reached Out to Gary Cohn About CEO Role: ReportTroubles continue to plague the embattled bank, which disputes assertions in a New York Post story.
September 17, 2018
Advisors, Not Their Clients, Should Lead on ESG InvestingThat's the conclusion of multiple presenters at this year's Sustainable Investing Conference sponsored by Gitterman Wealth Management.
September 13, 2018
Morgan Stanley to Offer Bitcoin Swap TradingInvestors will be able to go long or short using so-called price return swaps; the firm will charge a spread for each transaction, according to a source.
September 12, 2018
Raymond James, RBC Wealth Nab Wirehouse Reps: Recruiting RoundupMeanwhile, Ameriprise Financial adds a multigenerational team with close to $100 million in assets.
September 11, 2018
Fleming's Rockefeller Said to Target Silicon Valley Wealth FirmThe firm, led by the former leader of Morgan Stanley's financial advisors, is in talks to acquire CTC|myCFO assets and aims to buy more wealth companies on the West Coast.
September 07, 2018
Where Will Advisors Be in 10 Years?Much has been reported about advisors' changing role, but "what's new here is that advisors are now believing it," says Howard Schneider.
September 07, 2018
$300M Advisor Accuses UBS of Gender DiscriminationLawyers point to a shift to subtle from brazen discrimination; women accuse firms of freezing them out of lucrative accounts.