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.
Commonwealth Sets Recruiting Record in 2022
By Jeff BermanThe firm onboarded 270 advisors with a record-breaking $11.24 billion in client assets, it says.
February 07, 2023
Ex-LPL, Wells Fargo Rep Pleads Guilty to Stealing $600K From ClientsThe now-barred broker used clients' money to fund gambling and personal expenses, according to the Justice Department.
February 06, 2023
Ex-Wells Fargo Advisor Alleged Rape by Co-Worker, Faced Retaliation: LawsuitThe advisor sued Wells Fargo, saying her clients were reassigned after she reported the incident.
February 03, 2023
Merger to Create $73B Alternative Investment FirmFS Investments and Portfolio Advisors did not immediately disclose the financial terms of their deal.
February 02, 2023
Wells Fargo Hit With Defamation Suit Over Fake Accounts ScandalA former regional president says the bank fired her, falsely blaming her for the scandal.
January 31, 2023
Gavin Spitzner Dies at 57The Wealth Consulting Partners president had been fighting acute myeloid leukemia since being diagnosed with it in September.
January 31, 2023
'The Fish Rots From the Head': Why Fixing Wells Fargo's Culture Is Taking So LongAn investigation of the fake-account scandal found that the legal department failed to grasp the cultural meltdown.
January 30, 2023
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingEx-Merrill broker Anthony Duwayne Turner's next hearing will be held Feb. 15.