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.
Raymond James Nabs $800M Wells Fargo Team in Salt Lake City
By Janet LevauxMeanwhile, Stifel says it added a Wells Fargo rep and an advisor duo from UBS with a combined $213 million.
January 08, 2020
Ex-NFL Player, Merrill FA Gets 40-Year Prison SentenceMerrill Robertson Jr., who played for UVA and the Philadelphia Eagles, cost some 63 investors about $9 million.
January 07, 2020
Dodd and Frank Say SEC's Reg BI Violates LawThey were among a group of current and former Democratic lawmakers who filed a brief saying the best-interest rule "cannot stand."
January 06, 2020
Janney Added 32 Advisors From Wells Fargo, Merrill and Morgan Stanley in 2019With the wirehouse advisors and 12 other veteran reps, it added some $3.4 billion in assets to its Private Client Group.
January 04, 2020
Former Wells Fargo Execs Could Face Criminal Charges Soon: ReportThe news comes more than three years after the bank agreed to pay a fine and $185 million settlement over some 2 million fake accounts.
December 27, 2019
'Choppy Year' Expected for Wirehouses, Other BDs in 2020Industry analysts share their (cautious) expectations for earnings, revenue growth and stock performance.
December 27, 2019
Banks Set for Biggest Job Cuts Since '15 as Morgan Stanley Drops AxeMore than 50 lenders have announced plans to trim some 77,780 jobs, the most since 91,448 four years ago.
December 26, 2019
FINRA Fines 5 Big Firms for 'Know Your Customer' FailuresLPL, Merrill and Morgan Stanley were among the firms.