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 Fires Managers, Denies Bonuses in Account Probe
By Laura J. KellerBank doesnt specify what prompted four managers termination; board may yet release more information, source says.
February 15, 2017
Morgan Stanley Taps New Chief Stock StrategistThe decision follows the departure of an executive to a hedge fund.
February 14, 2017
Morgan Stanley to Pay $8M Over Inverse ETFsSEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.
February 13, 2017
Raymond James Adds $5M Morgan Stanley TeamThe four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
February 13, 2017
New Digs for Morgan Stanley?The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.
February 09, 2017
Morgan Stanley Grabs $4.6M Merrill TeamThe recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
February 09, 2017
Wells Fargo Said Likely to Withhold Bonuses for Top ExecsBoard said to near final decision after talks in January; move would reflect banks performance in year hit by scandal.
February 08, 2017
HighTower Nabs $1B Breakaway Duo in New York: Recruiting RoundupMeanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.