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-LPL, Wells Rep Stole $500K, Gambled With Client Money, Prosecutor Says
By Jeff BermanIf convicted of stealing over $500,000 from clients, the barred broker faces a maximum of 65 years in prison.
March 10, 2022
Sen. Warren Presses FINRA's Cook on Wells Fargo Arb RulingWarren and Rep. Katie Porter, D-Calif., say Cook failed to answer earlier questions about FINRA's handling of the case.
March 04, 2022
Why Wealthfront Sold Out to UBSUBS made Wealthfront an offer that the robo-advisor and its VC backers couldn't resist.
March 03, 2022
UBS Restructures Unit for Wealthiest Clients, Stadler Steps DownIt's one of the biggest overhauls yet under CEO Ralph Hamers, now in his second year running the Swiss bank.
February 28, 2022
The Big Mistake That Leaves Advisors Open to LawsuitsToo many brokers and advisors skip a crucial step when joining a firm, legal experts like Brian Hamburger say.
February 22, 2022
Baird Nabs $850M Morgan Stanley RepsThe advisors move from the wirehouse to Baird in Yakima, Washington, and Durango, Colorado.
February 15, 2022
Judge Awards $900K to Eye Doctor Bilked by ex-Wells Fargo AdvisorThe former rep was arrested in October in the theft of over $2.86 million from five clients.
February 11, 2022
Wirehouse Advisors Are Still Proving Their Worth: CerulliFirms in other channels can take cues from them on advisor retention and growth strategies, Cerulli writes.