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.
Citi: Advisor Improperly Lured Clients to Move Millions to Wells Fargo
By Dinah Wisenberg BrinMichael Fowler contacted clients multiple times to solicit them to switch firms, Citi alleges.
October 09, 2024
Wall Street Salaries Fall Further From Pandemic HeightsThe 5.2% drop on the prior year was largely due to smaller bonuses, which were $176,500 on average.
October 03, 2024
Morgan Stanley's 2025 Comp Plan Intensifies Cross-Selling PushThe bank has long sent business advisors' way. It wants them to return the favor.
September 19, 2024
9 Reasons to Reconsider Switching FirmsHere's how to assess if the likely upsides of moving from one firm to another justify any potential downsides.
September 18, 2024
On the Hunt for HNW Clients? Look to In-House Investment BanksAffiliating with an independent firm that offers such capabilities can be a true differentiator for financial advisors.
September 17, 2024
BofA Names Leaders to Better Align Investment Bank, Wealth UnitsJim Rourke and Michael Liu were named co-heads of private client partnership development.
September 13, 2024
Merrill Lands $2.2B Morgan Stanley TeamThe Oberheide-Schlesinger Group's James Oberheide brings over 30 years' financial industry experience.
September 13, 2024
Wells Fargo Clearing to Pay $3M Over Reps' Unsuitable TradesThe firm failed to supervise short-term trading of income-generating securities, FINRA says.