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 Moves to Trailing 12-Month Advisor Comp Structure
By Jeff BermanThe firm is shifting away from its retroactive comp structure and dropping the team grid's Transfer Account Policy.
October 19, 2021
Jamie Dimon Boosts JPMorgan Wealth Advisors' Pay From Windsor CastleThe bank is revamping its 20-year-old pay structure for J.P. Morgan Advisors as it aims to double the unit's headcount.
October 18, 2021
Morgan Stanley Loses FINRA Arb Case on Botched Options TradingA client alleged the wirehouse was negligent and failed to supervise when trading of Tesla options wasn't executed properly by a rep.
October 14, 2021
BofA Reports 64% Jump in Merrill, Private Bank Profits: Q3 EarningsMeanwhile, Morgan Stanley and Wells Fargo's wealth units report strong earnings and revenue growth, too.
October 14, 2021
Merrill Reports Positive Feedback on New MAX AppThe new mobile advisor experience was launched late last month after a pilot with a few hundred advisors.
October 12, 2021
15 Highest-Paid CEOs in Financial Services: 2021As the stock market ballooned, so did top execs' pay packages.
October 07, 2021
Morgan Stanley Must Pay Over $100K to Client: FINRA Arb PanelThe client said the wirehouse failed to supervise when unsuitable investments were made on her behalf.
October 07, 2021
Merrill to Pay $850K FINRA Fine Over Short Sale ViolationsThe wirehouse misapplied the SEC-approved Multi-day Approach on at least 6,000 occasions, FINRA alleged.