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.
Banks' Archegos Hit May Be Up to $10B: JPMorgan
By Jan-Patrick Barnert and Marion HalftermeyerPress speculation of a $3 billion to $4 billion loss at Credit Suisse AG is "not an unlikely outcome," analysts said.
March 26, 2021
CFP Board Suspends Former UBS Broker Charged With Defrauding ClientsThe ex-broker and RIA was charged with first-degree conspiracy for allegedly conspiring to defraud investors and mortgage lenders.
March 25, 2021
Merrill Guided Investing Slashes Minimum by 80%The cut brings Merrill Guided Investing in line with other digital advisors, including Goldman's Marcus Invest.
March 23, 2021
Wall Street Loosens Up as 100-Hour Weeks in Pandemic Take a TollCitigroup CEO Jane Fraser has banned internal video calls on Fridays and is encouraging staff to take vacations.
March 17, 2021
Morgan Stanley's Bitcoin Move Puts Pressure on RivalsAnalysts expect other banks will follow
March 17, 2021
Morgan Stanley to Offer Bitcoin Funds to Wealthiest ClientsOnly clients with "an aggressive risk tolerance" and at least $2 million will have access to the funds.
March 15, 2021
Beware of 'Over-Segmenting' Your ClientsMarketing and fintech expert April Rudin discussed some Merrill data on wealthy clients that "flies in the face" of conventional wisdom.
March 12, 2021
Wells Fargo to Drop Abbot Downing BrandThe wirehouse is moving the business, which serves ultra-wealthy clients, into Wells Fargo Private Bank.