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.
UBS, Credit Suisse Oppose Idea of Forced Combination, Sources Say
By Dinesh Nair, Myriam Balezou & Jan-Henrik FörsterUBS would prefer to focus on its own wealth-centric standalone strategy and is reluctant to take on risks related to Credit Suisse.
March 16, 2023
First Republic Goes From Wall Street Raider to Rescue Target in DaysIt's a stunning turn of events for the bank, which built a wealth management franchise with about $271 billion in assets.
March 15, 2023
Swiss Government Holds Talks on Options to Stabilize Credit SuisseOne long-shot idea is a tie-up with larger Swiss rival UBS Group, said people familiar with the matter.
March 14, 2023
Morgan Stanley Readies OpenAI GPT-4 Offering for AdvisorsThe wirehouse is developing a service to provide its advisors with content and insights, with more applications to follow.
March 14, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecThe next setting date for a preliminary hearing for Anthony Duwayne Turner is April 3.
March 13, 2023
Will First Republic Advisors Flee to Bigger Firms?First Republic advisors are getting calls from rivals as SVB's failure shakes their firm, a lawyer says.
March 10, 2023
Complex Comp Plans Vex Wirehouse Advisors: CerulliIf they want to keep their advisors from jumping ship, wirehouses may want to rethink their pay structures.
March 09, 2023
UBS Teams With Fintech Incubator: Tech RoundupAlso, Advisors Excel is making Catchlight insights and AI available to its U.S. advisors to help with leads.