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.
Morgan Stanley Taps Finn to Run $4.8T Wealth Unit
By Sridhar NatarajanLike his supervisor Andy Saperstein and CEO James Gorman, Finn was previously an executive at McKinsey & Co.
November 16, 2023
Morgan Stanley to Pay 6 States $6.5M Over Client Data SecurityThe firm failed to erase customer information from old hard drives and servers before auctioning them off.
November 15, 2023
Ex-Broker Facing Child Porn Charges Loses $1.44M Arbitration With Morgan StanleyThe finding against Randall Kiefner centered on his violating the bank's transition policy after leaving Schwab.
November 15, 2023
LPL Rolls Out HNW 'Private Wealth' ChannelThe firm says the new channel offers wirehouse-like services without the shifting pay grids or sales targets.
November 09, 2023
BofA Accused of Aiding Elder Financial AbuseA woman with a Merrill account claims scammers took $690,000 from her after she visited a California branch of the bank.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.
November 09, 2023
Wirehouse Comp Plans for 2024: What's In, What's OutExperts weigh in on payout changes at Merrill, Morgan Stanley and UBS and what they mean for financial advisors.