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.
UBS Profit Beat Overshadowed by Worries Over U.S. Wealth Outflows
By Myriam Balezou and Macarena MuñozPay changes helped spur about 200 advisors to leave, taking client funds with them.
January 23, 2026
UBS Plans Crypto Trading for Some Clients in Digital-Asset PushThe firm would start with select clients in Switzerland and then possibly expand to the U.S. and Asia-Pacific region.
January 20, 2026
Wells Fargo to Move Wealth Headquarters to West Palm BeachThe new office means the unit’s leaders can be closer to their largest clients, said wealth chief Barry Sommers.
January 16, 2026
UBS Gets First Conditional Approval for U.S. Banking LicenseThe Swiss bank filed an application in October to help it expand offerings for wealth management clients.
January 15, 2026
Wall Street Eliminated 10,600 Jobs Last YearThe biggest banks cut their combined headcount in 2025 by the most in almost a decade as they moved to limit costs.
January 15, 2026
Merrill Posts Strong Wealthy-Client Growth in 2025The Thundering Herd also continues to see low levels of advisor attrition, one executive said.
January 13, 2026
UBS CEO Ermotti to Step Down in April 2027: Financial TimesWealth management co-heads Iqbal Khan and Robert Karofsky are among the executives who could succeed him.
January 06, 2026
Crypto Latecomer Morgan Stanley Files for Bitcoin, Solana ETFsThe filing comes as Wall Street's traditional players deepen their digital asset footprint.