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.
UBS Nabs $10.5B Advisor Team From J.P. Morgan Private Bank
By Jeff BermanThe six-person advisor team joins UBS Private Wealth Management in San Francisco.
May 28, 2021
7 Client-Experience Lessons Top Advisors Learned in the PandemicAdvisors from Edward Jones, Merrill Lynch, Morgan Stanley, Northwestern Mutual and UBS share some tips for navigating a crisis.
May 26, 2021
Brother-Sister Duo Emerges From JPMorgan as 'Unconquered' Wealth TeamThe advisors, who managed $1 billion in assets, launched The Invictus Collective with Dynasty Financial Partners.
May 25, 2021
It's an Advisor's World as BD, RIA Options MultiplyHere's what advisors are demanding from broker-dealers and other industry players now, according to recruiters Louis and Mindy Diamond.
May 24, 2021
Merrill to Bar Trainees From Cold Calling: ReportThe wirehouse is launching a new training program using internal referrals and LinkedIn messages, according to The Wall Street Journal.
May 20, 2021
Morgan Stanley CEO Shakes Up Leadership With Eyes on SuccessorTed Pick, who led the firm's trading revival, and Andy Saperstein, who drove the wealth unit's growth, have been tapped as co-presidents.
May 19, 2021
UBS Starts Cutting Up to 700 Jobs Across Wealth Unit, Investment BankThe latest layoffs are on top of about 125 job cuts yet to come from an earlier restructuring.
May 18, 2021
BofA to Raise Minimum Wage to $25 an HourThe Charlotte, North Carolina-based lender will also require its U.S. vendors to pay employees dedicated to the bank $15 per hour or more.