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.
FINRA Bars Ex-BofA Rep Accused of Forging Document, Taking Client Funds
By Jeff BermanThe former broker and advisor trainee also failed to inform the wirehouse he was engaged in an outside business activity.
January 24, 2022
Morgan Stanley's Slimmon Warns Against Buying Growth-Stock DipHe also explains how the MSIF U.S. Core Portfolio fund he co-manages beat the S&P 500 with a 36% gain in 2021.
January 21, 2022
New Court Date Set for Suspect in Merrill Exec's MurderThe date for a preliminary hearing in Anthony Duwayne Turner's case has yet to be set, according to the Los Angeles County District Attorney's Office.
January 21, 2022
Wells Fargo Gets 2015 Regulatory Order LiftedThe move by the OCC is the latest sign of progress for CEO Charlie Scharf's quest to turn around the scandal-plagued bank.
January 21, 2022
BofA Revamps Wealth Management Under Sieg, KnoxSieg, president of Merrill Lynch, is now responsible for the investment solutions and personal retirement groups.
January 20, 2022
Morgan Stanley Sets Sights on Its Workplace AssetsThe wirehouse also wants its wealth management unit to reach a pre-tax profit margin above 30%, CEO James Gorman said.
January 19, 2022
BofA Reports 47% Jump in Merrill, Private Bank Profits: Q4 EarningsThe firm's wealth management unit ended Q4 with 18,846 advisors, about flat versus Q3.
January 14, 2022
Merrill Wins $20M Arb Dispute Over American Airlines InvestmentsA FINRA panel ruled in favor of the wirehouse in a claim brought on behalf of a trust alleging negligence and breach of contract.