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 Makes Strides on Diversity but Says More Progress Is Needed
By Jeff BermanThe growth of diverse, affluent U.S. households is outpacing that of the general population, according to new research by the firm.
July 23, 2021
JPMorgan Makes Crypto Available to All Wealth Clients: ReportThe firm now allows advisors to take buy and sell orders for five crypto funds, according to Business Insider.
July 22, 2021
FINRA: Ex-Wells Fargo Rep Applied for SBA Loan He Wasn't Entitled ToThe broker applied for an economic injury disaster loan while ignoring a major requirement: He didn't run a small business.
July 20, 2021
LPL Financial Nabs $700M Morgan Stanley TeamThe group has three advisors, is based in Los Angeles and has an office in Las Vegas.
July 15, 2021
Morgan Stanley Sees Big Gains in Wealth, Investment Banking: Q2 EarningsThe wealth unit had over $6 billion in revenue and $34 billion in fee-based inflows in the latest three-month period.
July 14, 2021
UBS, Envestnet and iCapital Team Up on New Alternatives ExchangeEnvestnet will launch the exchange to help UBS clients invest in alternatives including hedge funds and real estate.
July 14, 2021
BofA Targets Wealthy Florida Clients as Advisors Set to DoubleRevenue for the bank's wealth businesses, including Merrill, rose 14% from a year ago to hit $5.1 billion in the second quarter.
July 13, 2021
15 Advisors Moved to Janney in Q2 From Merrill, Wells Fargo, Other RivalsThe recruits added more than $3.8 billion in assets under advisement to Janney during the quarter.