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.
New Court Date Set for Suspect in Merrill Exec's Murder
By Jeff BermanThe date for a preliminary hearing in Anthony Duwayne Turner's case has yet to be set, according to the Los Angeles County District Attorney's Office.
January 20, 2022
Morgan Stanley Sets Sights on Its Workplace AssetsThe wirehouse also wants its wealth management unit to reach a pre-tax profit margin above 30%, CEO James Gorman said.
January 19, 2022
BofA Reports 47% Jump in Merrill, Private Bank Profits: Q4 EarningsThe firm's wealth management unit ended Q4 with 18,846 advisors, about flat versus Q3.
January 14, 2022
Merrill Wins $20M Arb Dispute Over American Airlines InvestmentsA FINRA panel ruled in favor of the wirehouse in a claim brought on behalf of a trust alleging negligence and breach of contract.
January 14, 2022
Wells Fargo Reps Boost Production; Headcount Falls: Q4 EarningsTotal assets for the wealth and investment unit stood at nearly $2.2 trillion, up 9% from a year ago.
January 12, 2022
E-Trade to Pay $350K Over Weak Trading OversightE-Trade "failed to establish and maintain a supervisory system" to detect "potentially manipulative trading" by its clients, according to FINRA.
January 10, 2022
UBS Next Invests in Estate Planning PlatformTrust & Will is the latest firm that the wirehouse's fintech initiative, created in 2020, has added to its portfolio of investments.
January 05, 2022
'Great Resignation' Doesn't Need to Include AdvisorsHere's how the financial services industry can avoid loss of talent.