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.
FINRA Fines Former Wells Fargo Rep Who Lied About Outside Accounts
By Jeff BermanThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
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.
September 03, 2021
FINRA Bars Ex-Merrill Rep Who Received COVID Disaster LoanThe ex-broker was terminated by Merrill after he refused to produce documents it requested while investigating whether he improperly applied for an EIDL.
September 02, 2021
Wells Fargo Pushes Back Its Return to OfficeThe bank will now begin bringing back staffers who have been working remotely starting Oct. 18.