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.
Morgan Stanley Targets Millions of New Customers After M&A Spree
By Jeff BermanDeals with E-Trade, Eaton Vance and others have grown the firm's base to 14 million relationships with $8 trillion in held-away assets.
September 13, 2021
Morgan Stanley Expands Pact With Empower RetirementThe deal enhances the Morgan Stanley at Work division's ability to serve advisor-sold plans under $50 million in assets.
September 10, 2021
Wells Fargo Fined $250M Over Unresolved Issues Tied to ScandalsThe penalty adds to the $5 billion in fines and legal settlements the bank has paid over the last five years for fake accounts and more.
September 10, 2021
BofA Overhauls Management TeamThe bank is replacing its CFO and elevating five new members to its senior management team, including three women.
September 08, 2021
Alex. Brown Adds Advisors Managing Over $1B From Wells Fargo, AvanzaThe advisors join the Raymond James division's offices in Miami and New York as Alex. Brown continues to expand in those markets.
September 08, 2021
LPL Nabs Morgan Stanley Exec for Compliance RoleMichael Morningstar will oversee the litigation, arbitrations, regulatory matters and client disputes for the independent broker-dealer.
September 08, 2021
Firm Breaks Away From UBS to Start $850M Indie RIAEight-person firm Mitchell WealthCare changed its name to Next Level Private after it left the wirehouse.
September 07, 2021
Wall Street Is Back — Just Not the Way Execs Had HopedWall Street's five largest banks aim to stick by plans to open buildings to more staff, but smaller rivals have balked.