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.
BofA Reports 47% Jump in Merrill, Private Bank Profits: Q4 Earnings
By Jeff BermanThe firm's wealth management unit ended Q4 with 18,846 advisors, about flat versus Q3.
January 12, 2022
E-Trade to Pay $350K Over Weak Trading OversightE-Trade "failed to establish and maintain a supervisory system" to detect "potentially manipulative trading" by its clients, according to FINRA.
January 10, 2022
UBS Next Invests in Estate Planning PlatformTrust & Will is the latest firm that the wirehouse's fintech initiative, created in 2020, has added to its portfolio of investments.
January 05, 2022
'Great Resignation' Doesn't Need to Include AdvisorsHere's how the financial services industry can avoid loss of talent.
January 04, 2022
Morgan Stanley to Pay $60M Over Data BreachesThe firm allegedly failed to wipe client data from computer equipment it decommissioned and resold.
December 29, 2021
Wirehouses to Keep Losing Market Share: ReportAite-Novarica Group predicts the wirehouses' share of client assets could drop from 25% in 2021 to 21.9% by 2025.
December 29, 2021
FINRA Fines, Suspends Ex-Morgan Stanley Rep for Allegedly Hogging CommissionsThe rep was one of several brokers fired by the wirehouse over alleged abuses in its Former Advisor Program.
December 28, 2021
Rules of the Road for Rehiring Ex-EmployeesProceed with caution if the former employee previously participated in your firm's 401(k) or retirement plan, say these tax experts.