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.
Morgan Stanley: Advisor Who Left for Raymond James Solicited Another Rep's Clients
By Dinah Wisenberg BrinNicholas Takahashi's team solicited clients they'd had no personal interactions with, the wirehouse says in a court document.
November 11, 2024
JPMorgan Goes After Ex-Broker for Taking Clients to Morgan StanleyAt least a dozen JPMorgan clients have moved their accounts, the bank says in a court filing.
November 07, 2024
11 Best & Worst BDs: Q3 Earnings, 2024Seven of these large BDs posted profit growth from last year, while earnings fell at four.
November 07, 2024
Morgan Stanley Dealt Blow in Deferred Comp Clawback LawsuitThe new ruling could spur hundreds more advisors to file claims against the wirehouse, the plaintiffs' lawyer says.
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.