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.
The 20 Biggest Asset Managers in the World: Q1 2023
By Michael S. FischerFourteen of the world's 20 biggest asset managers are based in the U.S., according to ADV Ratings.
June 01, 2023
Wells Fargo Advisors Picks Up New Head of National Sales From JPMorganBarry Simmons was most recently a managing director and head of J.P. Morgan Wealth Management's East Division.
June 01, 2023
Morgan Stanley Sets $12B Profit Goal for Wealth UnitThe wirehouse outlined a plan to nearly double profit from the wealth management business in coming years.
May 30, 2023
Ex-Wells Fargo Exec to Pay $5M to SEC for Misleading InvestorsCarrie Tolstedt publicly endorsed the bank's "cross-sell metric" while knowing it included fake accounts, the SEC said.
May 25, 2023
Ex-Morgan Stanley Advisor Gets 7 Years for Fleecing ClientsShawn Edward Good took in $7.2 million from at least 13 victims thorough his decade-long Ponzi scheme.
May 23, 2023
Best & Worst Broker-Dealers: Q1 Earnings, 2023Seven firms posted positive results in the quarter, which ended with the failure of Silicon Valley Bank.
May 22, 2023
Wells Fargo Rep Made His Friend a Client's Beneficiary: FINRAThe regulator has suspended the broker for 45 days and fined him $5,000.
May 19, 2023
Merrill Names New Head of Private Wealth ManagementGreg McGauley will also serve as head of Merrill International and Institutional.