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.
Wells Fargo Q1 Profits Drop 90%
By Janet LevauxThe number of advisors fell by 378 from last year; meanwhile, JPMorgan's net income declined nearly 70%.
April 13, 2020
RIA M&A: Strong in Q1, but COVID-19 Set to Take a TollDeVoe & Co., Echelon and Fidelity share their predictions of what lies ahead for advisor deal-making in 2020.
April 09, 2020
Morgan Stanley Says Its CEO Has Recovered From COVID-19The firm, which has some 15,500 financial advisors, will report its first-quarter 2020 earnings on Wednesday.
April 08, 2020
Fed Lifts Cap on Wells Fargo for Small-Business LoansThe bank can extend loans via the Paycheck Protection Program while fulfilling obligations tied to its 2018 consent order.
April 07, 2020
FINRA Presses Ahead With Bad-Broker CrackdownThe plan would allow a hearing officer to require a BD to adopt heightened supervision for brokers with long disciplinary histories.
April 03, 2020
Small Businesses Hit Bumps When Applying for Stimulus LoansBill Sweet of Ritholtz Wealth compared the Paycheck Protection Program's rollout to "the small business Fyre Festival."
April 02, 2020
$900M Merrill Team Goes Indie With Raymond James: Recruiting RoundupMeanwhile, UBS picks up a $160 million Morgan Stanley advisor and a Merrill Lynch duo with $116 million.
March 31, 2020
BofA Pledges to Keep, Pay Staff in 2020The bank's CEO says it also added staff and is extending loans to keep businesses afloat.