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.
UBS Starts Cutting Up to 700 Jobs Across Wealth Unit, Investment Bank
By Marion Halftermeyer and Patrick WintersThe latest layoffs are on top of about 125 job cuts yet to come from an earlier restructuring.
May 17, 2021
Merrill Rolls Out Exclusive HNW Sports, Entertainment DesignationThe wirehouse partnered with the College for Financial Planning, which is offering the program just to Merrill advisors through May 2022.
May 17, 2021
UBS to Pay $4.8M Over Puerto Rican BondsTwo years ago, the firm was ordered to pay about $13 million to investors over the same risky bonds, which dated to 2013.
May 17, 2021
Ex-Wells Fargo Rep Sentenced to 27 Months in PrisonThe firm's former broker had pleaded guilty to wire fraud in which he stole more than $450,000 from about 40 clients.
May 14, 2021
'Wandering' Bad Brokers Pose Risks for Clients, IndustryAdvisors with regulatory infractions often keep causing trouble even if they're barred from the business, a recent study finds.
May 13, 2021
New RBC Team in New Jersey Includes Ex-Mayor, Equine ExpertThe seven-person team joins RBC's Princeton office from UBS and includes a former mayor of Princeton Township.
May 12, 2021
UBS Explores Offering Crypto Investments to Wealthy ClientsUBS Group AG is in the early stages of planning to offer wealthy customers digital currency investments, joining U.S firms in seeking to give broader access…
May 11, 2021
2 Merrill Teams Dash to UBS in Northern CaliforniaThe new recruits include a three-person team managing $725M who join UBS' Roseville branch and a team in San Francisco.