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.
'It's Still Early': Bob Oros Says RIA Acquisitions Will Continue for Years
By Jane Wollman RusoffThe Hightower CEO tells ThinkAdvisor about his ideal acquisition and why a deal shouldn't just be about the economics.
November 09, 2021
Morgan Stanley to Let Wealthiest Clients Invest in Private CompaniesThe wirehouse's new Direct Investment Access Program will be open to clients with at least $20 million in assets.
November 04, 2021
Ex-Wells Fargo Broker Barred by FINRA Over Ponzi SchemeThe former broker and Wells Fargo were among those named in a complaint last year by disgruntled investor.
October 29, 2021
12 Best & Worst Broker-Dealers: Q3 Earnings, 2021Eleven out of 12 BDs reported higher earnings than a year ago, when some reported unusual one-time items.
October 29, 2021
Ex-Wells Fargo Rep Arrested, Charged With Stealing $2.9MThe former wirehouse broker allegedly used client money to pay off his credit cards, gamble and buy gold.
October 28, 2021
FINRA Bars Another Broker Who Improperly Applied for COVID Disaster LoanAn ex-JPMorgan rep, meanwhile, was fined and suspended for improperly applying for the same type of loan.
October 27, 2021
Why the Wirehouse Advisor Is Still Alive — and KickingWhile many advisors have left the wirehouse firms, the majority of top-producing reps chose to stay. Here's why.
October 27, 2021
Merrill Moves to Trailing 12-Month Advisor Comp StructureThe firm is shifting away from its retroactive comp structure and dropping the team grid's Transfer Account Policy.