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.
Merrill to Pay $1.5M FINRA Fine Over Muni Shorts
By Jeff BermanThe firm failed to notify investors in munis that they were receiving "substitute" interest payments that weren't tax-exempt, FINRA says.
September 29, 2021
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older ClientsThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.
September 29, 2021
Wells Fargo Pushes Back Return-to-Office Date, AgainThis is the fourth time the bank has switched its return-to-office date, after initially planning to bring workers back on Sept. 7.
September 28, 2021
New Morgan Stanley Program to Help Wealth Managers Work With Ultra-Wealthy FamiliesThe Morgan Stanley Family Legacy and Governance Institute is intended to help them support decision-making and success within families.
September 28, 2021
eMoney Rolls Out Planning Tool to All Wells Fargo AdvisorsNearly 13,000 advisors will gain access to eMoney's most comprehensive financial planning package.
September 28, 2021
Wells Fargo to Pay $37M to Settle Fraud LawsuitThe case involves 771 clients, including businesses and banks, that were charged too much for foreign-exchange transactions.
September 27, 2021
FINRA Dings Ex-UBS Rep for Failing to Repay Promissory NotesThe wirehouse had alleged its former advisor failed to repay more than $540,000 when he resigned.
September 24, 2021
Trendspotter: Wirehouse Rep Decline Shows No Signs of StoppingFor advisors, the alternatives to Merrill, Morgan Stanley, UBS and Wells Fargo grow ever more compelling.