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 to Absorb Customer Losses After Mutual Fund Snafu
By Neil Weinberg, Michael J. Moore, BloombergMorgan Stanley will offer to swallow some losses incurred by customers who bought mutual funds after failing to make fund prospectuses accessible online.
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.
September 09, 2014
12 Best & Worst Broker-Dealers: Q2 Earnings, 2014Some of Wall Streets major players still struggle with litigation expenses; many are finding ways to further boost their wealth results.
September 08, 2014
Morgan Stanley Channels Weird Al to Raise Stock Market ForecastIn a report that reads as if Weird Al Yankovic had become a market strategist, Morgan Stanley announces an increase in its 12-month S&P forecast.
September 05, 2014
Morgan Stanley, Raymond James Add $1M-Plus Reps, TeamBaird hires a branch manager from Wells Fargo in Philadelphia.
August 28, 2014
Clients Want Ethical Advisors. Are You One?Steven Blum, author of "Negotiating Your Investments," says advisors duty to clients goes beyond a fiduciary standard.