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.
Morgan Stanley Shoots for $10T in Assets
By Janet LevauxWith the Eaton Vance and E-Trade deals done, the bank's wealth and IM units now have $5.7 trillion in assets.
April 16, 2021
Morgan Stanley's Record Quarter Stained by Archegos CollapseThe Archegos disclosure leaves Morgan Stanley as the only major U.S. bank to be nursing losses from the flameout of Bill Hwang's family office.
April 15, 2021
Bank of America, Merrill Outline Plans to Boost Advisor HeadcountThe wealth unit ended the first quarter with 19,808 advisors, down 585 from a year ago and a drop of 295 from the prior quarter.
April 15, 2021
Best Full-Service Investment Firms Ranked by Investors: J.D. Power — 2021The research firm measured client satisfaction through a survey of 4,392 investors who use advisors.
April 14, 2021
Most JPMorgan, Stifel Employees to Return to OfficesIn recent letters to shareholders, the firms' CEOs stressed the importance of employees shifting away from remote work.
April 09, 2021
Credit Suisse's New Chairman to Weigh Damage-Control Options After Archegos BlowupThe Swiss bank may merge with UBS or be sold to another firm in the wake of $4.7 billion in losses tied to the fiasco.
April 09, 2021
Raymond James Nabs Morgan Stanley, MassMutual TeamsThe teams, along with two other advisors from other firms moving to Raymond James, manage a total of $686 million in client assets.
April 08, 2021
12 Wirehouse Reps Move to Janney in Q1The advisors work with a total of $2 billion of assets under advisement and join from Merrill, Morgan Stanley, UBS and Wells Fargo.