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.
Ultra-Rich Families Ride Stocks Surge to Double Annual Gains
By Ben StupplesFamily offices returned 15.5% on average last year; UBS and Campden Wealth Surveyed 311 family offices globally.
September 21, 2018
Wells Fargo CEO 'Should Be Fired,' Sen. Warren Says; Wells' Fundamentals Questioned by AnalystsThe bank said earlier this week it could trim up to 26,500 jobs; some financial results look poised to weaken further, according to a recent equity report.
September 20, 2018
Wells Fargo Plans to Cut Staffing Up to 10% Over 3 YearsThe bank had 265,000 employees as of June 30.
September 19, 2018
RBC Brings on $500M Commonwealth Team: Recruiting RoundupLPL Financial, Kestra, Stifel and Ameriprise announce their latest hires and Larry Roth lands a board seat.
September 19, 2018
BofA to Sell $20B Alt Operations to iCapitalThe sale will help Bank of America further simplify its operations.
September 19, 2018
Wells Fargo Reached Out to Gary Cohn About CEO Role: ReportTroubles continue to plague the embattled bank, which disputes assertions in a New York Post story.
September 17, 2018
Advisors, Not Their Clients, Should Lead on ESG InvestingThat's the conclusion of multiple presenters at this year's Sustainable Investing Conference sponsored by Gitterman Wealth Management.
September 13, 2018
Morgan Stanley to Offer Bitcoin Swap TradingInvestors will be able to go long or short using so-called price return swaps; the firm will charge a spread for each transaction, according to a source.