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 Revamps Wealth Management Under Sieg, Knox
By Katherine DohertySieg, president of Merrill Lynch, is now responsible for the investment solutions and personal retirement groups.
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.
January 14, 2022
Wells Fargo Reps Boost Production; Headcount Falls: Q4 EarningsTotal assets for the wealth and investment unit stood at nearly $2.2 trillion, up 9% from a year ago.
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.