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.
Morgan Stanley Beats Estimates as Wealth Management Hits Record
By Sridhar NatarajanThe wealth and asset management unit produces over half of its revenue, with year-end assets standing at $4.19 trillion.
January 13, 2023
JPMorgan, BofA Show Gains in Headcount as Wells Fargo's DropsDespite layoffs across the finance industry, there were no signs of staffing pullbacks at two large banks.
January 12, 2023
JPMorgan Says Ex-Advisor Poached 32 Clients for Morgan StanleyThe bank accuses Joseph Michael of persuading households with assets of $28 million to start moving their accounts.
January 09, 2023
Morgan Stanley COO to DepartJon Pruzan, once seen as a potential replacement for CEO James Gorman, is leaving after 28 years with the firm.
January 09, 2023
Stocks Risk 22% Slump: Morgan StanleyStrategist Michael Wilson says the S&P 500 could bottom at around 3,000 points due to recession-related risks.
January 04, 2023
Morgan Stanley Takes On UHNW Challenges Beyond Tax PlanningThe Family Legacy and Governance Institute is intended to help with "qualitative" planning needs, Glenn Kurlander says.
December 30, 2022
E-Trade Enhances Investing, Trading Platforms: Tech RoundupThe enhancements will give clients more control over how they stay informed on market activity, E-Trade says.
December 30, 2022
Advisors Are Unhappy, and They Have Options, Recruiters WarnRecruiters are urging firms, especially legacy BDs, to rethink their recruiting strategies or risk being left behind.