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.
Meet the 2023 LUMINARIES Winners
By Janet LevauxWe recognized this year's winners at our third annual gala, held Tuesday at Gotham Hall in New York.
November 21, 2023
BofA Sees S&P 500 Hitting Record 5,000The index is up 18% so far this year as confidence has risen that the Federal Reserve will soon stop its rate hikes.
November 20, 2023
Morgan Stanley Taps Finn to Run $4.8T Wealth UnitLike his supervisor Andy Saperstein and CEO James Gorman, Finn was previously an executive at McKinsey & Co.
November 20, 2023
S&P 500 Rally May Be at Risk After 9.6% Gain in 3 WeeksRick Bensignor, a former Morgan Stanley strategist, suggests trimming exposure by midweek if the gauge nears 4,560.
November 17, 2023
Why Firms May Reverse Course on AI Plans in 2024: ForresterThe emerging technologies likely won't yet be ready to deliver objective advice, says a senior financial analyst.
November 16, 2023
Morgan Stanley to Pay 6 States $6.5M Over Client Data SecurityThe firm failed to erase customer information from old hard drives and servers before auctioning them off.
November 15, 2023
Ex-Broker Facing Child Porn Charges Loses $1.44M Arbitration With Morgan StanleyThe finding against Randall Kiefner centered on his violating the bank's transition policy after leaving Schwab.
November 15, 2023
LPL Rolls Out HNW 'Private Wealth' ChannelThe firm says the new channel offers wirehouse-like services without the shifting pay grids or sales targets.