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.
FINRA Bars Ex-Morgan Stanley Rep Accused of Changing Client Docs
By Jeff BermanThe advisor refused to cooperate with the regulator's investigation.
March 27, 2020
Morgan Stanley Delays Change to Comp GridBut other planned changes, such as one tied to its small-household policy, will be instituted on May 1.
March 27, 2020
Wells Fargo Hits Pause on Eliminating a Fee WaiverThe news comes a month after the wirehouse said households would need $500,000 to avoid fees of up to $300 a year.
March 26, 2020
Morgan Stanley Says No Job Cuts in 2020, Fixes Tech Glitch"Your jobs are secure" through the year, CEO James Gorman told employees, though he could offer no longer-term assurance.
March 26, 2020
FINRA Shares 'Stay Home' Info From States, Cancels ConferenceThe regulator says more than 30 regions have issued "shelter-in-place" orders, which vary in scope and duration.
March 26, 2020
FINRA Fines Morgan Stanley $300K for Reporting ViolationsThe firm failed to report more than 1,000 fixed income transactions to TRACE, the regulator says.
March 26, 2020
LPL, Affiliates Add 4 Reps From Rivals: Recruiting RoundupPlus, Steward Partners — associated with Raymond James — adds former manager at UBS and Morgan Stanley.
March 25, 2020
The American College Names Head of New Women's CenterHilary Fiorella will lead the effort to advance women in financial services through research, education and awareness.