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.
BDs Taking a Hit as More Advisors Choose Independence: Cerulli
By Michael S. FischerA Cerulli report finds that 71% of all advisors, on average, would prefer independent affiliation.
December 20, 2022
Wells Fargo to Pay $3.7B for Mistreating ClientsThe action includes a $1.7 billion fine tied to issues with the bank's car loans, mortgages and deposit accounts.
December 19, 2022
15 Financial Firms That Are Laying Off WorkersThe trend of surging headcounts in the industry appears to be reversing for now.
December 19, 2022
New Stock Market Low Coming in 2023: Morgan Stanley Strategist"Don't assume the market is pricing this kind of outcome until it actually happens," says Michael Wilson.
December 16, 2022
6 Unexpected Questions Clients Asked This Year: Advisors' AdviceSometimes advisors' role in supporting and educating clients takes them in surprising directions.
December 16, 2022
11 Big Advisor Regs That Moved Forward in 2022The SEC, FINRA and DOL have proposed or finalized several rules this year.
December 16, 2022
Goldman Sachs May Cut Up to 4,000 JobsThe firm's headcount has surged in recent years as CEO David Solomon completed acquisitions to build a more diversified company.
December 14, 2022
What Wall Street Is Saying About the Fed's Rate Hike"Slower growth forecasts, yet more hikes. That's not a great combination for markets," said Richard Bernstein Advisors' Dan Suzuki.