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, Amid Turmoil, Beats Estimates: Q3 Earnings
By Janet LevauxAfter naming a new CEO this week in response to a scandal, Wells Fargo said its net income fell in the third quarter.
October 10, 2016
Merrill Grabs $2B Team From Morgan, Loses $800M Group to JanneyBofA-Merrill Lynch adds eight advisors in the state of Washington, while Janney picks up five reps in Connecticut.
October 06, 2016
Irate Investor Calls for Congress to Investigate Wells Fargo AdvisorsTexan Lacy Harber, who took out ads in four newspapers, says he lost nearly $6 million while trading some $35 million last year.
October 06, 2016
John Thiel, Head of Merrill Lynch, to Step DownThiel says he will stay on as an advisor; the new chief will be Andy Sieg, head of Global Wealth & Retirement Solutions.
October 05, 2016
Recruiting Roundup: LPL Affiliated Reps Jump to Focus Financial, Form $600M RIAMeanwhile, the Harvest Group breaks away from UBS with about $300 million in assets; more
October 05, 2016
Merrill Lynch to Enter Robo-Advice RaceMerrill Edge plans to introduce a robo-advice offering later this year that combines online investing technology with human advisors.
October 03, 2016
Galvin Rips Morgan Stanley for Fostering ‘Dishonest Conduct’ With Sales ContestsWilliam Galvin of Massachusetts said Morgans sales contests tied to securities-based loans encouraged dishonest and unethical conduct.
October 01, 2016
New Directions for Rival BDsSeveral employee-advisor firms have reached significant milestones recently.