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.
JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours
By Hugh SonA learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. And that's just the start for JPMorgan.
February 24, 2017
Merrill Trims Fees for Some Clients With Less Than $1MThe cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
February 23, 2017
Triad Adds OSJ With 11 Reps, $5B in Assets: Recruiting RoundupMeanwhile, Cambridge promotes executive; Echelon Partners taps ex-LPL M&A specialist, others for new roles.
February 22, 2017
Wells Fargo Fires Managers, Denies Bonuses in Account ProbeBank doesnt specify what prompted four managers termination; board may yet release more information, source says.
February 17, 2017
FINRA Panel Says UBS Must Pay $9M to Puerto Rican Muni InvestorThe arbitration ruling comes just one month after an $18 million ruling, with more decisions expected.
February 15, 2017
First Republic, FiNet Grab Reps From Rivals: Recruiting RoundupA UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
February 15, 2017
Morgan Stanley Taps New Chief Stock StrategistThe decision follows the departure of an executive to a hedge fund.
February 14, 2017
Morgan Stanley to Pay $8M Over Inverse ETFsSEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.