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.
Raymond James Adds 3 Teams With $2B in Assets
By Janet LevauxThe employee advisors joined the firm recently from Merrill, Morgan Stanley and RBC.
April 02, 2025
Ex-Morgan Stanley Advisor Sentenced to 12 Years in Fraud SchemeJesus Rodriguez of El Paso, Texas, spent clients' money on himself, including a Lamborghini purchase, authorities found.
March 26, 2025
UBS Delays Advisor Pay Cut From 12b-1 FeesThe delayed cuts are separate from other compensation changes UBS made this year.
March 26, 2025
Merrill Bets Big on on New 'Level Up' Training ProgramWith financial advice "at a premium today," Merrill seeks to double assets in five years, exec Ken Correa says.
March 26, 2025
Wall Street Bonus Pool Surges to $47.5B for 2024The average yearly bonus rose by nearly a third, to $244,700, the first big boost since the Covid-19 pandemic.
March 24, 2025
How Morgan Stanley Is Optimizing AI for Client GrowthThe firm's latest AI tool, Debrief, summarizes client meetings. Tech chief Sal Cucchiara tells ThinkAdvisor what's next.
March 20, 2025
The Big Firms That Gained, and Lost, the Most Advisors in 2024One firm added a net 2,923 advisors, while the "winning" wirehouse lost 55.
March 19, 2025
UBS Client Says His Wife Moved In With Their Wealth Advisor. It Got MessyRichard Kallman, the heir to a family of bookdealers, is suing for $10 million in damages.