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.
NYSE Says Certain Trades to Be Canceled After Glitch at Open
By Katherine Doherty and Jessica MentonBanks, retailers and industrial firms were among those affected, including Wells Fargo, Morgan Stanley and Walmart.
January 23, 2023
Morgan Stanley Cuts CEO Gorman's Pay 10%His 2022 package includes a salary of $1.5 million, $7.5 million cash bonus and $22.5 million in equity-linked awards to be paid in shares.
January 18, 2023
BofA Freezes Most HiringThe bank will hold off on adding new workers in some business units until at least mid-year or signs of an economic turnaround.
January 17, 2023
CFP Board Sanctions Advisor Over Misleading YouTube Video AdThe planner claimed individuals could be "100% certain" of affording retirement in "just 3-5 years," the board said.
January 17, 2023
Morgan Stanley Beats Estimates as Wealth Management Hits RecordThe wealth and asset management unit produces over half of its revenue, with year-end assets standing at $4.19 trillion.
January 17, 2023
UBS Doesn't Plan to Buy Credit Suisse or U.S. FirmsThe firm needs to get its U.S. wealth business "up and running and improve ... margins," says Chairman Colm Kelleher.
January 13, 2023
Top 5 Trends at Merrill Wealth Management in Q4The unit's president, Andy Sieg, gave an update on its new training, mobile work station and advisor matchmaking programs.
January 13, 2023
JPMorgan, BofA Show Gains in Headcount as Wells Fargo's DropsDespite layoffs across the finance industry, there were no signs of staffing pullbacks at two large banks.