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 Boosts CEO Scharf's Pay to $29M for 2023
By Hannah LevittScharf, 58, took the reins of Wells Fargo in 2019 with the mission of moving it past a series of scandals.
January 18, 2024
Abundance of Retiring Advisors Means Growth Opportunities"There's an overwhelming need for advisors to pick up some of these practices," says Gateway Financial's David Wood.
January 17, 2024
Merrill Team Forms RIA to Serve 'Family Next Door'The $420 million group is "a great fit for the independent wealth arena," Dynasty head Shirl Penney says.
January 16, 2024
Morgan Stanley Warns of Wealth Unit's Lower MarginsThe wealth business, though, should drive the bank's growth as its pretax margins rise over time, says CEO Ted Pick.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.
January 11, 2024
Advisors Battle Morgan Stanley Over Deferred Comp 'Clawback'About a dozen former advisors say the firm improperly withheld deferred compensation in violation of ERISA.
January 11, 2024
Morgan Stanley Could Pay Up to $300M to Settle Trading ProbeThe yearslong investigation has focused on its employees' handling of stock sales big enough to move markets.
January 09, 2024
LPL's Steinmeier: Who Are You Calling an IBD?"We have really shed that skin," the firm's top business development executive tells ThinkAdvisor.