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.
Merger to Create $73B Alternative Investment Firm
By Janet LevauxFS Investments and Portfolio Advisors did not immediately disclose the financial terms of their deal.
January 31, 2023
'The Fish Rots From the Head': Why Fixing Wells Fargo's Culture Is Taking So LongAn investigation of the fake-account scandal found that the legal department failed to grasp the cultural meltdown.
January 30, 2023
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingEx-Merrill broker Anthony Duwayne Turner's next hearing will be held Feb. 15.
January 26, 2023
Morgan Stanley Fines Some Staff $1M Over Messaging BreachesIndividual penalties are based on factors like seniority, the number of messages sent and any prior warnings.
January 26, 2023
Fee Ignorance Is Widespread Among Investors: FINRATwenty-one percent of survey respondents thought they paid no investment fees at all.
January 24, 2023
NYSE Says Certain Trades to Be Canceled After Glitch at OpenBanks, retailers and industrial firms were among those affected, including Wells Fargo, Morgan Stanley and Walmart.
January 24, 2023
LPL Nabs 2 BofA-Merrill ExecsCory Triolo and Tim Checko will focus on web-based and mobile applications for advisors and other technology.
January 24, 2023
NYSE Gets Wave of Sell Orders, Unleashing Stock-Market ChaosAt least 40 S&P 500 Index stocks were hit with trading halts, including Wells Fargo and Morgan Stanley.