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-Merrill Advisor Who Hurled Drink, Racist Insults Suspended by CFP Board
By Jeff BermanThe advisor was recently arrested and charged over an incident at a Robeks smoothie shop in Connecticut.
January 31, 2022
Goldman, Morgan Stanley Strategists See Risk of Further Stock Market PullbackThe S&P 500 could drop 10% from Friday 's close to 4,000 if real U.S. treasury yields rise by 60 basis points to 0%, one analyst says.
January 27, 2022
UBS Launches Program for 'Multicultural Investors'The new segment is led by Melinda Hightower, formerly of JPMorgan Chase.
January 26, 2022
Why Is UBS Buying a Robo for $1.4B?It's "ironic" that Wealthfront, once a disruptor, has been bought by a 160-year-old bank, Tim Welsh says.
January 26, 2022
UBS to Buy Wealthfront for $1.4BThe robo-advisor deal may bring more than $27 billion in assets under management and over 470,000 clients in the U.S. to the Swiss-based firm.
January 25, 2022
FINRA Bars Ex-BofA Rep Accused of Forging Document, Taking Client FundsThe former broker and advisor trainee also failed to inform the wirehouse he was engaged in an outside business activity.
January 25, 2022
Ex-UBS Broker Spent $4.6M of Client Money on Gifts for Women: SECThe former broker is charged with defrauding a family out of more than $5 million.
January 24, 2022
Merrill Fires Advisor Who Threw Racist Insults, Drink at Smoothie ShopJames Iannazzo was charged with intimidation based on bigotry or bias, breach of peace and criminal trespass.