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.
'Thousands' of New Vanguard-Style ETFs Seen in $8.4T Market
By Katie Greifeld & Emily GraffeoFidelity, Morgan Stanley and Dimensional Fund Advisors want to use the multi-share class structure due to its tax advantages.
February 14, 2024
Morgan Stanley to Cut Several Hundred Jobs in Wealth UnitThe wealth management group has about 40,000 workers and is the firm's largest unit, says a person with knowledge of the matter.
February 13, 2024
Users Report Merrill Edge Site IssuesSocial media posts suggested the brokerage's app and website experienced a glitch.
February 08, 2024
Advice for NFL Players, From a Financial Advisor Who's Been ThereEx-NFLer Walter Stith of Morgan Stanley discusses young players' challenges and why he's rooting for the 49ers.
February 05, 2024
BofA Cuts CEO Moynihan's Pay 3% to $29M for 2023Morgan Stanley's James Gorman and Wells Fargo's Charles Scharf each received pay hikes of 17% or more last year.
January 29, 2024
Wells Fargo Boosts CEO Scharf's Pay to $29M for 2023Scharf, 58, took the reins of Wells Fargo in 2019 with the mission of moving it past a series of scandals.
January 22, 2024
Morgan Stanley Pays Gorman $37M for Final Year as CEOThree-fourths of Gorman's bonus will be paid in deferred stock over three years. He also received a cash bonus of just under $9 million.
January 19, 2024
16 Top Advisor Credentials: CerulliPeople enter the financial advice industry from a variety of backgrounds and with different areas of expertise.