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.
Why Advisors Are More Than Happy to Leave the Wirehouses
By Ed FriedmanHeadcounts at these large Wall Street firms keep shrinking. Here are five reasons why.
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.
January 09, 2025
UBS Set to Settle Credit Suisse Tax Case: WSJ ReportsThe deal over tax evasion could come as early as this week, according to the paper.
January 08, 2025
BofA Forms Specialist UHNW GroupThe roughly 25 specialists will help Merrill advisors with loans, estate planning and investment management.