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 New Chief Stock Strategist
By Janet LevauxThe decision follows the departure of an executive to a hedge fund.
February 13, 2017
New Digs for Morgan Stanley?The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.
February 09, 2017
Morgan Stanley Grabs $4.6M Merrill TeamThe recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
February 09, 2017
Wells Fargo Said Likely to Withhold Bonuses for Top ExecsBoard said to near final decision after talks in January; move would reflect banks performance in year hit by scandal.
February 08, 2017
HighTower Nabs $1B Breakaway Duo in New York: Recruiting RoundupMeanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
February 08, 2017
Merrill Edge Launches Robo-Advisor With a TwistPortfolios will be based on ETFs made by Vanguard and others; Bank of America also introduces automated branches.
February 06, 2017
What the Biggest BDs Are Saying About Trump's Fiduciary OrderWirehouses and other large broker-dealers seem cautiously optimistic on what President Trump will do next with the fiduciary rule.
February 03, 2017
What DOL Delay, Dodd-Frank Rollback Mean for Wall StreetDeregulation, combined with business growth and tax reform, could lead to larger profits, analysts say.