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's $10.2M Deal Over Advisor Expenses Heads Back to Court
By Jeff BermanThe settlement is tied to a class-action complaint that the firm didn't correctly reimburse some 3,000 advisors.
August 16, 2022
BofA, Wells Fargo Veterans Launch RIAMembers of the new Fidelis Capital team members previously managed a total of $6 billion in client assets.
August 10, 2022
LPL Nabs Wells Fargo ExecKatelyn Shackleton has joined the broker-dealer as executive vice president, Corporate Strategy and New Ventures,
August 10, 2022
Morgan Stanley Sued by Ex-Broker Over Arb AwardThe firm's former registered rep alleged he was wrongfully terminated and defamed by the wirehouse.
August 09, 2022
90-Year-Old Ex-Morgan Stanley Broker Who Shot Business Partner DiesThe Oklahoma City Police Department says it is "not investigating the death as anything criminal in nature."
August 08, 2022
A Game Plan for 'Overnight Millionaires'Newly rich families have five core needs that advisors should address when creating a comprehensive financial plan.
August 04, 2022
BNY Mellon to Use Xceptor Tax Platform: Tech RoundupAlso, Envestnet is launching a "SpongeBob SquarePants" themed marketing campaign.
August 04, 2022
Wall Street Bonuses Poised to PlungeIndividuals working in wealth management could see a 15% drop and asset managers a 20% decline, according to Johnson Associates.