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.
Morgan Stanley Pays CEO Ted Pick $34M in First Year Leading Bank
By Hannah LevittHe was paid $44 million for 2023, which included a $20 million special bonus amid the leadership transition.
February 06, 2025
UBS Expects Advisor Attrition Due to Pay CutsThe wirehouse's revamped incentive structure, intended to boost growth, reduces payouts for advisors with production under $750,000.
January 27, 2025
UBS Axes Hundreds of Jobs as Integration Gathers PaceThe firm has begun job cuts in Switzerland and is getting rid of the Credit Suisse brand.
January 22, 2025
BofA CEO Says He’s ‘Not Going Anywhere’Brian Moynihan also said advancements in AI and automation help keep costs and headcount in check.
January 16, 2025
BofA Boosts Earnings on Strong Loan Income“Every source of revenue increased ... ” in the quarter, said CEO Brian Moynihan.
January 16, 2025
Morgan Stanley Profit Doubles to $3.7BIn wealth management, net new assets fell just shy of estimates though revenue topped expectations.
January 15, 2025
Wells Fargo Shares Rise on Cost CutsThe bank's expenses dropped 12% in Q4 as CEO Charlie Scharf continues to whittle headcount.
January 15, 2025
Ex-Wells Fargo Executives Face Millions in Fines for MisconductA 2020 investigation by the OCC concluded that the executives opened millions of unauthorized customer accounts.