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.
Morgan Stanley Takes On UHNW Challenges Beyond Tax Planning
By Jeff BermanThe Family Legacy and Governance Institute is intended to help with "qualitative" planning needs, Glenn Kurlander says.
December 28, 2022
Morgan Stanley to Pay $800K for Overcharging ClientsClients across over 2,000 accounts allegedly paid about $802,000 in excess sales charges and fees, according to FINRA.
December 28, 2022
8 Trends That Will Reshape Wealth Management in 2023Advisors who embrace these trends will be well-positioned to thrive and add new clients.
December 28, 2022
BDs Taking a Hit as More Advisors Choose Independence: CerulliA Cerulli report finds that 71% of all advisors, on average, would prefer independent affiliation.
December 27, 2022
Wall Street's Big Banks Score $1T of Profit in a DecadeWhile much attention focused on Silicon Valley's riches, banks like JPMorgan, BofA, Wells Fargo and others were gaining momentum.
December 20, 2022
Ex-Merrill Advisor Who Threw Smoothie Catches FINRA's Eye Over Cash TransactionsFINRA says James Iannazzo structured cash transactions in his personal accounts to avoid federal reporting requirements.
December 20, 2022
Wells Fargo to Pay $3.7B for Mistreating ClientsThe action includes a $1.7 billion fine tied to issues with the bank's car loans, mortgages and deposit accounts.
December 19, 2022
15 Financial Firms That Are Laying Off WorkersThe trend of surging headcounts in the industry appears to be reversing for now.