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.
November 06, 2024
Goldman, JPMorgan Soar With Trump Poised to Deliver DeregulationTrump has vowed to cut the corporate tax rate, eliminate 10 regulations for every new one and fire some financial regulators.
November 05, 2024
Morgan Stanley to Pay $1M Over Lack of Risk ControlsThe firm failed to set up controls designed to prevent the entry of erroneous orders, FINRA says.
November 05, 2024
Ex-Merrill Wealth Chief Launches RIAThe new firm, Indivisible Partners, will launch in the first quarter, John Thiel says.
November 01, 2024
Ex-JPMorgan Advisor to Halt Client Poaching Amid ArbitrationGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.
October 31, 2024
BofA Says Regulators May Take Action Over Money Laundering, ZelleU.S. regulatory agencies have been digging into consumer complaints about how banks handle reported abuses of the Zelle network.
October 30, 2024
UBS Wants to Buy a U.S. Wealth Manager: ChairmanThe firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.
October 29, 2024
Cause of Death Found for Wells Fargo Employee Who Died at DeskThe body of Denise Prudhomme, 61, was discovered days after she'd scanned into the office.
October 24, 2024
Morgan Stanley Says CEO Ted Pick to Succeed Gorman as ChairmanJames Gorman, who was just named chair of Disney, will take the "chair emeritus" title after leaving the board.
October 24, 2024
Merrill Holds Advisor Pay Steady for 2025Changes made to the comp plan in 2024 were successful, advisor program head Tim Shook says.
October 21, 2024
Disney Names Former Morgan Stanley CEO as ChairmanJames Gorman, who is now executive chairman of the wirehouse, is stepping down from that role on Dec. 31.