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.
Focus, Dynasty Add Teams; Morgan Stanley Grabs 4 FAs With $660M
By Janet LevauxBoutique firms continue to attract registered reps, including some from the wirehouse firms.
September 22, 2014
UBS Loses Court Appeal of $1.4 Billion French Bail DemandThe bank must pay a security deposit to cover a potential fine for alleged money laundering, a Paris court ruled.
September 18, 2014
Morgan Stanley to Absorb Customer Losses After Mutual Fund SnafuMorgan Stanley will offer to swallow some losses incurred by customers who bought mutual funds after failing to make fund prospectuses accessible online.
September 16, 2014
Ex-UBS Intern Sues for $5M Over Sexual Harassment, DiscriminationYoung woman says her advisor boss promised her purses and shoes as a bonus for sexual favors.
September 12, 2014
Advisor M&A, the Alpha WayWhat separates the best from the rest is of particular concern to advisors seeking to extract value from the practices they've devoted their careers to.
September 12, 2014
Wells Fargo Adds 11 California Reps With $1B in AUMThe wirehouse taps a new communications chief, as independent firms hire recruiters, portfolio managers.
September 11, 2014
BDs, Trade Groups Team Up to Clarify Murky BD FeesFINRA, SIFMA and other groups, with LPL and other BDs, have joined forces to develop rules that ensure BDs fees are easily understood by investors.
September 09, 2014
Morgan Stanley Sees Bank Programs as Key to Growth: PoratThe firm's CFO says managed accounts and lending should help it boost results going forward.