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.
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan Ops
By Janet LevauxSome 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
April 12, 2019
Wells Fargo's Wealth Unit Struggled in Q1But the bank beat analyst expectations on revenue and profits.
April 11, 2019
Rich Women Calling More of the Shots: Merrill Wealth Chief"Arguably it's the most powerful trend in our industry," said Andy Sieg, president of Bank of America Corp.'s Merrill Lynch Wealth Management unit.
April 11, 2019
Will Wells Fargo, JPMorgan Hit or Miss With Q1 Earnings?The large banks and other sectors are facing headwinds when it comes to beating prior results, analysts say.
April 11, 2019
Janney Nabs 14 Wirehouse Reps, as Baird Grabs 4: Recruiting RoundupThe firms are bringing over advisors from Merrill Lynch, Wells Fargo and UBS; meanwhile, Raymond James picks up a three Wells Fargo FAs.
April 10, 2019
Rep. Waters Probes Big-Bank CEOs on Downsizing Since Financial CrisisMorgan Stanley CEO James Gorman cited the bank's wealth management operations as a stabilizing force.
April 09, 2019
Buffett Gives Wells Fargo Advice on Its CEO SearchThe chairman of Berkshire Hathaway has clear ideas on who the beleaguered bank needs for its next leader.
April 09, 2019
Wells Fargo Agrees to Sell Retirement Unit for $1.2 BillionThe deal will double Principal's U.S. retirement business.