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 Ex-Morgan Stanley Rep Over Inaccurate Meal Expense Reports
By Jeff BermanThe advisor sued Morgan Stanley for wrongful termination.
February 23, 2021
Wells Fargo to Sell Asset Management Unit for $2.1BTwo private equity firms will buy the unit.
February 18, 2021
Wells Fargo Scores Big Regulatory WinThe Fed has accepted its proposal to address lapses in governance and risk management, as required by a 2018 enforcement action.
February 08, 2021
Reddit GameStop Incident Could Spur Move to T+1Robinhood's CEO is pushing for a shorter trade settlement cycle, but it's not a quick change for the industry to make.
February 08, 2021
$6.5B JPMorgan Team Jumps to UBSThe seven-person Legacy Multi-Family Group joins the wirehouse in the Century City area of Los Angeles.
February 04, 2021
LPL Nabs First Employee Rep Since Allen & Co. PurchaseLouisiana-based Tiger Blackwell joins as an independent employee advisor from Stifel, where he worked with about $100 million in assets.
February 03, 2021
FINRA Targets 'Game-Like' Digital PlatformsAsked if it was concerned about potential FINRA sanctions, MassMutual says it's reviewing "Roaring Kitty" GameStop trading activity.
February 03, 2021
Schwab Exec Outlines Service 'Challenges,' Plans for ImprovementThe company is reviewing some decisions related to the TD Ameritrade integration to improve client service, CEO Bettinger says.