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.
$500M Female Team Exits Morgan Stanley to Join RIA
By Ginger SzalaKansas-based Bowersock Capital Partners adds to the RIA's $10 billion in assets.
July 13, 2020
SEC Issues Ransomware AlertAttempts to penetrate financial institution networks through phishing and ransomware are on the rise.
July 13, 2020
Q2 Could Be 'Earnings Hell, Again' for Banks: Analyst"We think [some] earnings will be down by a half year over year," bank analyst Mike Mayo said.
July 10, 2020
Wells Fargo to Donate $400M in PPP Loan FeesThe funds will target minority-owned businesses; through June 30, the bank has processed close to 180,000 loans.
July 09, 2020
Wells Fargo Readying Thousands of Job Cuts to Start in 2020Tens of thousands of positions could ultimately be eliminated; the move may test vows by other banks to keep staff amid the pandemic.
July 09, 2020
Morgan Stanley to Pay $875K Fine for Bad Trade DataThe firm submitted "at least 869 inaccurate blue sheets," according to FINRA.
July 07, 2020
Best & Worst BDs for Advisors: J.D. Power — 2020The latest satisfaction survey of more than 3,200 advisors is based on a new set of factors, including professional development and technology.
July 02, 2020
$1.6B UBS Advisors Move to Wells Fargo FiNet: Recruiting RoundupMeanwhile, Stifel adds Wells Fargo reps with $540 million and a $935 million Merrill Lynch team.