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.
August 20, 2024
Best & Worst Broker-Dealers: Q2 Earnings, 2024Most large firms reported higher profits in the second quarter, but some disclosed challenges tied to their cash sweep programs.
August 20, 2024
Morgan Stanley International Chair Missing After Yacht SinkingJonathan Bloomer, 70, has worked in the finance industry for five decades and earler held senior roles at Prudential Plc.
August 18, 2024
The Rich Can't Sell Their Art, So They're Borrowing Against ItWall Street firms are broadening their work in the art market to bring on and retain the world's wealthiest individuals and families.
August 14, 2024
UBS Profit Beats Estimates in Boost to Ermotti's Buyback PlansInvestment banking revenue and progress in integrating Credit Suisse offset a miss in wealth management.
August 12, 2024
New Trial Date Set for Former BofA Banker Charged With Merrill Exec's MurderAnthony Duwayne Turner's jury trial in the death of Michelle Avan should begin Sept. 16 in Los Angeles County.
August 09, 2024
BofA Private Bank Hires Citi's Palacio in South Florida PushHe will join Bank of America in October with a focus on growing the firm's ultra-high-net-worth and family office business.
August 06, 2024
Morgan Stanley Says SEC Seeks Info On Cash Balance SweepsThe wirehouse has been speaking with the SEC and responding to its requests since April, it disclosed Monday.
August 02, 2024
Morgan Stanley Advisors Told They Can Pitch Bitcoin ETFsOther wirehouse firms sell approved ETFs to some clients, but do so on an unsolicited basis.
July 31, 2024
Merrill Unveils New Scheduling Tool for Clients, ProspectsMeetings can be easily arranged and rescheduleed as needed based on advisors' real-time availability.
July 25, 2024
UBS Grilled Over $350M Tax Evasion CaseA senator is looking into accounts held by a former military contractor who sold $7 billion of jet fuel to the U.S.