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 Broker Pleads Guilty to $7M Ponzi Scheme
By Jeff BermanShawn Edward Good bought at least five luxury cars with clients' money, according to prosecutors.
September 14, 2022
Merrill Pledges $1.25M to CFP Board Diversity EffortsThe donation will support initiatives including the annual Diversity Summit and 16 scholarship awards.
September 14, 2022
SEC Charges Advisor With Stealing Over $743K From Clients, Including MLB PlayerThe fund transfers were used to pay for charges on his dead mother's American Express card, according to the SEC.
September 13, 2022
TD Ameritrade, BofA Among 4 Firms Sued Over Biometric Voice PrintsFour separate complaints allege the firms violated the California Invasion of Privacy Act.
September 09, 2022
Sanctuary Wealth Picks Up 2 Advisor Teams From MerrillThe breakaway teams had a combined $1 billion in client assets under management.
September 08, 2022
Cetera Is First Client for Broadridge's New Offering: Tech RoundupAlso, Morgan Stanley at Work rolls out Corporate Retirement Portal for advisors.
September 07, 2022
Death of UBS-Wealthfront Deal Isn't All About the MoneyUBS never attempted to justify the valuation, nor is it suddenly in need of conserving cash.
September 06, 2022
BofA Plans New Return-to-Office PoliciesCEO Brian Moynihan said the bank will soon add "more formality to the flexibility" via policies specific to each business unit.