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 Nabs $1.8B Wells Fargo Private Bank Team
By Jeff BermanThe three-person team has joined UBS in the South Florida market.
April 16, 2021
FINRA Suspends Ex-Morgan Stanley Rep Who Didn't Disclose Rental PropertyThe broker, who now works for LPL, also borrowed $307,000 from two clients, FINRA says.
April 16, 2021
J.P. Morgan Advisors Has New CEOPhil Sieg has been promoted to lead the JPMorgan Chase division, replacing Chris Harvey.
April 16, 2021
Morgan Stanley's Record Quarter Stained by Archegos CollapseThe Archegos disclosure leaves Morgan Stanley as the only major U.S. bank to be nursing losses from the flameout of Bill Hwang's family office.
April 15, 2021
Bank of America, Merrill Outline Plans to Boost Advisor HeadcountThe wealth unit ended the first quarter with 19,808 advisors, down 585 from a year ago and a drop of 295 from the prior quarter.
April 15, 2021
Best Full-Service Investment Firms Ranked by Investors: J.D. Power — 2021The research firm measured client satisfaction through a survey of 4,392 investors who use advisors.
April 14, 2021
Most JPMorgan, Stifel Employees to Return to OfficesIn recent letters to shareholders, the firms' CEOs stressed the importance of employees shifting away from remote work.
April 09, 2021
Credit Suisse's New Chairman to Weigh Damage-Control Options After Archegos BlowupThe Swiss bank may merge with UBS or be sold to another firm in the wake of $4.7 billion in losses tied to the fiasco.