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.
Wells Fargo Shares Rise on Cost Cuts
By Yizhu Wang and Hannah LevittThe bank's expenses dropped 12% in Q4 as CEO Charlie Scharf continues to whittle headcount.
January 08, 2025
BofA Forms Specialist UHNW GroupThe roughly 25 specialists will help Merrill advisors with loans, estate planning and investment management.
December 31, 2024
Bank Bull Run Seen Thundering OnwardMarket watchers expect factors behind the 33% surge in bank shares in 2024 to continue.
December 23, 2024
Merrill to Settle Overtime Suit for $4.9MThe firm is establishing a fund to settle allegations that it underpaid certain salaried advisors and trainees.
December 18, 2024
BofA’s Moynihan Hints That He’s Just Getting StartedNow in his 15th year, the CEO says he's sticking with his no-frills “responsible growth” strategy.
December 17, 2024
E-Trade Plans Zero-Cost Funds That Only Platform Clients Can BuyThe firm submitted plans to the SEC for five mutual funds spanning stocks and bonds.
December 13, 2024
Retail Direct Channels Are Gobbling Advisors' Market Share: CerulliOne reason is their success at retaining 401(k) and IRA assets.
December 12, 2024
UBS Reorganizes U.S. Wealth Management Unit in Growth PushThe structure of wealth advisors in the U.S. will move from two divisions to four regional units.