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.
Bill to Claw Back Bank Execs' Bonuses Gets Senate Panel's Approval
By Lydia Beyoud and Steven T. DennisThe bill follows a public outcry sparked by executives at SVB and other failed banks receiving generous bonuses.
June 08, 2023
Ex-Morgan Stanley Advisor Pleads Guilty to Money LaunderingThe ex-broker took more than $1.5 million from two close relatives who were clients, the prosecutor said.
June 07, 2023
Wells Fargo Launches Program for Advisors Serving Sports, Entertainment ClientsA new Sports & Entertainment Accredited Wealth Management Advisor designation has been created for the launch.
June 06, 2023
The 20 Biggest Asset Managers in the World: Q1 2023Fourteen of the world's 20 biggest asset managers are based in the U.S., according to ADV Ratings.
June 05, 2023
Wells Fargo Seeks to Settle 'Banking While Black' CaseLawyers for the bank and borrowers said they've agreed to work with a former federal judge to try to resolve a group of class-action lawsuits
June 02, 2023
Pretrial Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner's next hearing is scheduled for July 10, the L.A. district attorney's office says.
June 01, 2023
Wells Fargo Advisors Picks Up New Head of National Sales From JPMorganBarry Simmons was most recently a managing director and head of J.P. Morgan Wealth Management's East Division.
June 01, 2023
Morgan Stanley Sets $12B Profit Goal for Wealth UnitThe wirehouse outlined a plan to nearly double profit from the wealth management business in coming years.