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 Wealth Chief Launches RIA
By Melanie Waddell | Janet LevauxThe new firm, Indivisible Partners, will launch in the first quarter, John Thiel says.
October 30, 2024
UBS Wants to Buy a U.S. Wealth Manager: ChairmanThe firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.
October 29, 2024
Cause of Death Found for Wells Fargo Employee Who Died at DeskThe body of Denise Prudhomme, 61, was discovered days after she'd scanned into the office.
October 24, 2024
Morgan Stanley Says CEO Ted Pick to Succeed Gorman as ChairmanJames Gorman, who was just named chair of Disney, will take the "chair emeritus" title after leaving the board.
October 24, 2024
Merrill Holds Advisor Pay Steady for 2025Changes made to the comp plan in 2024 were successful, advisor program head Tim Shook says.
October 21, 2024
Disney Names Former Morgan Stanley CEO as ChairmanJames Gorman, who is now executive chairman of the wirehouse, is stepping down from that role on Dec. 31.
October 18, 2024
Rockefeller Nabs $1.9B Merrill TeamThe 16-person group DiMedio Wealth Partners has joined its family office business in Newtown, Pennsylvania.
October 16, 2024
Morgan Stanley Shares Soar Most in 4 Years on Q3 Profit SurgeThe wealth unit generated revenue of $7.27 billion, with $64 billion in net new assets.