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.
Fed Faults Living Wills of BofA, Citi, Goldman and JPMorgan
By Ben BainFour banks must improve their blueprints for a hypothetical wind-down after regulators find issues in their plans.
June 06, 2024
JPMorgan Wealth Unit Adds Execs From UBS and FidelityJane Bailey is now CFO of the business, while Jennifer Barrett leads content and communications.
June 06, 2024
Citi Taps Morgan Stanley Exec to Lead New Client Engagement EffortDawn Nordberg, a Morgan Stanley veteran, will join Citi in September.
June 06, 2024
Citizens CEO Plots a Continued Expansion of Wealth BusinessesSince last year, the bank has hired some 220 private bank employees and Morgan Stanley wealth veteran Paul Casey.
May 30, 2024
UBS Names Wealth Co-Heads in Management ShakeupRob Karofsky will run the bank's U.S. business, with Naureen Hassan retiring from the wirehouse.
May 29, 2024
Merrill Employee Error Causes Walmart 401(k) Data Breach"We are not aware of any misuse of the personal information disclosed," Merrill's parent said.
May 29, 2024
Merrill Settles Racial Discrimination Suit for Nearly $20MIn a class action, Black former advisors and trainees said they were paid less and promoted less often.
May 23, 2024
LPL Adds $4.6B Lincoln Team, $705M Merrill DuoPilot Financial of North Carolina moves with 105 advisors, while the ex-wirehouse duo is based in Oklahoma.