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.
$550M Wells Fargo Group Moves to Raymond James: Recruiting Roundup
By Janet LevauxPlus, Dynasty Financial Partners helps Michael Henley and several other Merrill Lynch advisors go independent.
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.
July 30, 2018
A Timeline of Wells Fargo's ScandalsStarting in 2016, regulators called out Wells Fargo, stating employees created several million unauthorized bank and credit card accounts without client knowledge. Since then, there's been a steady stream of newsworthy developments.
July 30, 2018
When Will Wells Fargo's Scandals End?As the bad news and advisor departures continue, experts debate Wells Fargo's future and what the wealth industry can learn from its scandals.
July 26, 2018
UBS Cutting Dozens of Staff in Wealth-Management RevampThe developments are taking place after the business reported a withdrawal of assets by clients in the latest quarter.
July 25, 2018
RBC Nabs $190M Merrill Team in New Jersey: Recruiting RoundupMeanwhile, Wealth Enhancement Group says it is buying Retirement Strategies, an independent practice with about $350 million in assets based in Florida.
July 24, 2018
UBS Wealth Merger Hits Goals as Investors Press for ReturnsThe bank had net outflows for the first time in about 18 months; the investment bank beat analyst expectations for the second quarter.
July 19, 2018
Wells Fargo Issuing Refunds for Pet Insurance, Legal Services: ReportThe news comes about a week after the bank explained that it would spend $114 million on refunds to wealth-unit clients.