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.
February 29, 2024
19 Best & Worst BDs for Recruiting in 2023: ReportAfter a blowout year for advisor moves, here are the winners and losers, according to Diamond Consultants.
February 29, 2024
LPL's Strategic Wealth Channel Lures Billion-Dollar Merrill TeamContinuity Private Wealth is the 40th group to join the channel, aimed at HNW teams wanting greater autonomy.
February 27, 2024
Wells Fargo Names JPMorgan Veteran Its New Vice ChairmanDoug Braunstein's focus will be on expanding the bank's corporate finance and advisory businesses and advising senior management.
February 23, 2024
Wells Fargo Adds Role to Boost Growth in FiNet, First ClearingErik Karanik, who joined the bank in 1990, now leads Independent Solutions for its Wealth & Investment Management unit.
February 22, 2024
Wells Fargo Brokerage Users Report Trading Service OutageWells Fargo online customers reported issues with trading, brokerage and logins.
February 21, 2024
Citigroup Lifts Jane Fraser's Pay to $26MThe pay package for Fraser, the only female head of a U.S. banking giant, remains the lowest of her cohort.
February 21, 2024
'Thousands' of New Vanguard-Style ETFs Seen in $8.4T MarketFidelity, Morgan Stanley and Dimensional Fund Advisors want to use the multi-share class structure due to its tax advantages.
February 20, 2024
Best & Worst Broker-Dealers: Q4 Earnings, 2023Six large BDs reported a drop in earnings in the final quarter of 2023.
February 16, 2024
Wells Fargo Consent Order for Fake Accounts Ended by RegulatorThe 2016 order had required it to revamp how it offers and sells products and take other steps to protect clients and staff.
February 14, 2024
Morgan Stanley to Cut Several Hundred Jobs in Wealth UnitThe wealth management group has about 40,000 workers and is the firm's largest unit, says a person with knowledge of the matter.