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.
Merrill Lynch to Pay $825K Over Best Execution Issues
By Melanie WaddellMerrill failed to reasonably supervise equity orders in the firm's electronic systems to ensure they were executed promptly, FINRA said.
April 19, 2024
Investors' Economic Optimism Dips: SurveyHalf of respondents said they do not plan to change their portfolios for the next six months.
April 19, 2024
Merrill Adds $3.5B Team in FloridaThe 12-person group joins from JPMorgan Wealth Management through that bank's purchase of First Republic.
April 16, 2024
BofA Wealth Unit's Profits Jump 10%Merrill gained about 7,300 net new client relationships in the first quarter.
April 16, 2024
Morgan Stanley's Wealth Revenue Tops EstimatesPlus, net new assets for the unit in Q1 were $95 billion — higher than the previous two quarters combined.
April 15, 2024
What Comes After the CFP? This Industry Group Offers an AnswerThe Investments and Wealth Institute says its advanced certifications for HNW advisors are in high demand.
April 12, 2024
Wells Fargo Misses Interest Income EstimatesThe bank also reported $1.15 billion in net charge-offs, including $187 million tied to commercial real estate.
April 11, 2024
Morgan Stanley Wealth Unit Being Probed by Regulators: ReportSeveral agencies want to know if the bank has done enough to prevent money laundering by its wealthy clients.