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.
Ex-UBS Advisor Says Firm Fired Him Over His Depression
By Jeff BermanThe wirehouse failed to reasonably accommodate his treatment, according to a lawsuit.
July 24, 2023
Inside Morgan Stanley's Big AI Test for AdvisorsThe chatbot is focused on combing through research and even client conversations, says CIO Sal Cucchiara.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 18, 2023
5 Top Trends From Merrill's Q2 ResultsHighlights included strong recruiting in Bank of America's wealth management business.
July 18, 2023
Morgan Stanley CEO: Worst of Industry Downturn Is OverShares of the bank surged 7% after executives gave an optimistic forecast.
July 18, 2023
Most Wealthy Investors Choose the First Advisor They Meet: SurveyThe most common reason respondents gave for switching advisors was that the relationship was a bad match.
July 14, 2023
Bank of America Sued Over Unauthorized Accounts, FeesThe lawsuit follows, and references, a recent $250 million settlement BofA reached with U.S. regulators.
July 13, 2023
If 90% of Clients Are Satisfied, Why Do Only 35% Make Referrals?A new survey from Julie Littlechild's Absolute Engagement shows how advisors can make clients happier.