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 Must Pay $371K to Clients: FINRA Panel
By Jeff BermanA FINRA arbitration panel ruled in favor of UBS clients, who alleged the firm's options-trading strategy exposed them to significant risks.
March 26, 2021
JPMorgan Plans to Hire 300 Black, Latino Advisors by 2025The firm also announced new efforts to better serve Black and Latino investors and to step up recruiting at historically Black schools.
March 26, 2021
Ex-Morgan Stanley Advisor Who Defrauded Seniors Gets 5-Year Prison SentenceThe former advisor and broker had pleaded guilty last year to charges of wire and investment advisor fraud for stealing more than $6 million from clients.
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.