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 Nearing $3B Settlement: Reports
By Janet LevauxThe deal involves both the SEC and DOJ and may include criminal charges tied to the fake-accounts scandal.
February 20, 2020
What Morgan Stanley's E-Trade Deal Means for RIAsBlogger Michael Kitces, Dynasty CEO Shirl Penney and others industry VIPs talk about the deal's implications.
February 20, 2020
LPL Brings on $495M Reps: Recruiting RoundupMeanwhile, Raymond James and Wells Fargo pick up advisors from wirehouse firms and other broker-dealers.
February 20, 2020
Morgan Stanley to Buy E-Trade for $13BThe tie-up could create a firm with $3 trillion in assets vs. Charles Schwab-TD Ameritrade's potential $5 trillion.
February 19, 2020
UBS Group Taps Outsider as New CEOThe Swiss-based bank says the head of ING Group will become its leader on Nov. 1, succeeding Sergio Ermotti.
February 19, 2020
UBS Snatches $6B Wealth Team From GoldmanThe under-50 duo of Denis J. Cleary and Gregory M. Devine also have about $20 million in yearly fees and commissions.
February 19, 2020
FINRA Suspends Ex-Merrill Rep Over Unauthorized TransactionsThe former broker signed 15 subscription agreements with a third-party advisor, the regulatory group says.
February 14, 2020
Merrill Taps New ExecCraig Young used to lead the wealth market in Westchester-Greenwich, Connecticut.