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.
Merrill Reports Positive Feedback on New MAX App
By Jeff BermanThe new mobile advisor experience was launched late last month after a pilot with a few hundred advisors.
October 07, 2021
Merrill to Pay $850K FINRA Fine Over Short Sale ViolationsThe wirehouse misapplied the SEC-approved Multi-day Approach on at least 6,000 occasions, FINRA alleged.
October 06, 2021
20 U.S. Companies With Digital Asset Exposure: BofAIn several sectors, stocks tied to digital assets could see their market value expand, BofA says in a new report.
October 06, 2021
Morgan Stanley's Mike Wilson Warns of Fresh Stock-Market Pain"We've been calling for this 10-20% correction that would be led by tech stocks," said the chief investment officer and U.S. equity strategist.
October 05, 2021
Merrill to Pay $1.5M FINRA Fine Over Muni ShortsThe firm failed to notify investors in munis that they were receiving "substitute" interest payments that weren't tax-exempt, FINRA says.
October 05, 2021
Court Date Set for Suspect in Merrill Exec's MurderA preliminary hearing for Anthony Duwayne Turner, accused of killing Bank of America executive Michelle Avan, has been set for Dec. 1.
September 30, 2021
David Komansky, CEO Who Led Merrill's Global Growth, Dies at 82The sale of Merrill to Bank of America in 2008 "broke my heart," Komansky said in a 2010 interview with Bloomberg Television.
September 29, 2021
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older ClientsThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.