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.
Trendspotter: Wirehouse Rep Decline Shows No Signs of Stopping
By Jeff BermanFor advisors, the alternatives to Merrill, Morgan Stanley, UBS and Wells Fargo grow ever more compelling.
September 20, 2021
Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500The worst-case outlook is based on signs of weaker growth and falling consumer confidence.
September 16, 2021
RIA in a Box Launches Virtual Desktop, Compliance Dashboard for RIAs: Tech RoundupAlso, Wells Fargo turns to Google and Microsoft for its new digital infrastructure strategy.
September 16, 2021
Morgan Stanley Targets Millions of New Customers After M&A SpreeDeals 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 14, 2021
Warren Asks Fed to Break Up Wells Fargo After Regulatory HitIn a letter to Federal Reserve Chair Jerome Powell, Warren called on the Fed to revoke the bank's status as a financial holding company.
September 14, 2021
FINRA Fines Former Wells Fargo Rep Who Lied About Outside AccountsThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
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.