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.
Why Is UBS Buying a Robo for $1.4B?
By Jeff BermanIt's "ironic" that Wealthfront, once a disruptor, has been bought by a 160-year-old bank, Tim Welsh says.
January 25, 2022
Ex-UBS Broker Spent $4.6M of Client Money on Gifts for Women: SECThe former broker is charged with defrauding a family out of more than $5 million.
January 24, 2022
Merrill Fires Advisor Who Threw Racist Insults, Drink at Smoothie ShopJames Iannazzo was charged with intimidation based on bigotry or bias, breach of peace and criminal trespass.
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.