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 Advisors Told They Can Pitch Bitcoin ETFs
By Dinah Wisenberg BrinOther wirehouse firms sell approved ETFs to some clients, but do so on an unsolicited basis.
July 23, 2024
Wells Fargo Profiled Customers, Fired Banker AllegesThe bank retaliated, Thomas Davis claims, after he reported that managers wanted prospects assessed by race and appearance.
July 22, 2024
Wirehouse Veteran Sees Risk to Clients in RIA 'Behemoths'Mega-RIAs could lose what makes them different from wirehouses, Segment Wealth CEO Gil Baumgarten says.
July 19, 2024
Mega-RIAs Will Grow to Rival Wirehouses in Next Decade: Mariner's BicknellAdding services to meet clients' needs is crucial to that growth, Mariner Wealth Advisors' CEO says.
July 18, 2024
Morgan Stanley Rep Violated Reg BI With ETF Sales: FINRAThe rep purchased products with sales charges that clients wouldn't have had to pay in advisory accounts, FINRA says.
July 17, 2024
Alts 'Should Be Core' in Most Portfolios: Merrill Investment ExecThe firm now offers alts to clients with at least $1 million in assets, Nancy Fahmy tells ThinkAdvisor.
July 16, 2024
Morgan Stanley Wealth Unit's Results Miss EstimatesThe business fell short of expectations, with $6.79 billion in revenue and net new assets of $36.4 billion in the second quarter.
July 10, 2024
Best & Worst Firms for Advisor Satisfaction: J.D. Power, 2024In an unusual finding, average satisfaction of emloyee advisors was higher than that of their independent counterparts.