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.
Ex-Morgan Stanley Rep Ran Multimillion-Dollar Ponzi Scheme, SEC Says
By Jeff BermanThe ex-broker allegedly blew over $800,000 of clients' funds on luxury cars and his credit card payments.
April 15, 2022
Morgan Stanley, Citi Emerge as Winners of Earnings BlitzThe banks reported strong results in fixed income and equities trading that beats analysts' forecasts for revenue and earnings.
April 15, 2022
George Floyd Lawyer Joins Wells Fargo Racial-Disparity LawsuitA recent investigation found the bank approved 47% of Black applicants for mortgage refinancing vs. 72% of white applicants.
April 14, 2022
Best Full-Service Wealth Management Firms, Ranked by Investors: — J.D. Power, 2022The biggest firms have improved their tech offerings but lag on delivering comprehensive advice, new research finds.
April 13, 2022
A Fresh Take on the Term 'Financial Literacy'Despite its well-intended positive connotation, the term can have the opposite effect, especially in underserved communities.
April 13, 2022
Ex-Morgan Stanley Rep Inflated Clients' Net Worth, FINRA SaysThe rep circumvented limits on non-investment grade bonds, leading to his firing and suspension, according to FINRA.
April 12, 2022
LPL CEO's Pay Rises 77%Despite the pay bump, Dan Arnold's pay is considerably less than CEOs at rival firms including Morgan Stanley.
April 11, 2022
Wells Fargo Appeals Arb Ruling Struck Down in CourtThe findings in the judge's order "are false and wholly unsupported by the record," Wells Fargo Advisors states.