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.
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.
September 06, 2024
Warren Buffett's Haul From BofA Stock Sales Nears $7BStill, Berkshire remains the bank's top shareholder, with a roughly 11% stake valued at over $34 billion.
August 30, 2024
Merrill Fined $3M Over 'Deficient' Trade SurveillanceMerrill relied on third-party automated systems that were insufficient to monitor for manipulative trades, FINRA says.
August 29, 2024
Wells Fargo Worker Found Dead in Office After 4 DaysThe employee scanned in on a Friday and was discovered Tuesday, police confirmed.
August 23, 2024
Jonathan Bloomer, Morgan Stanley International Chair, DiesThe late executive, who died in Monday's yacht sinking off the coast of Sicily, also had been CEO of Prudential Plc.
August 20, 2024
Risks Are Piling Up for Firms' Cash Sweep Programs: ReportThe uptick in litigation and regulatory activities could entail higher costs, which might hurt advisor recruiting deals, an expert says.
August 20, 2024
Morgan Stanley's Bloomer, Other Yacht Passengers Feared DeadMorgan Stanley International Chair Jonathan Bloomer is among those lost after a luxury yacht sank Monday off the coast of Sicily.