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.
BofA Says Regulators May Take Action Over Money Laundering, Zelle
By Katherine DohertyU.S. regulatory agencies have been digging into consumer complaints about how banks handle reported abuses of the Zelle network.
October 24, 2024
Morgan Stanley Says CEO Ted Pick to Succeed Gorman as ChairmanJames Gorman, who was just named chair of Disney, will take the "chair emeritus" title after leaving the board.
October 24, 2024
Merrill Holds Advisor Pay Steady for 2025Changes made to the comp plan in 2024 were successful, advisor program head Tim Shook says.
October 21, 2024
Disney Names Former Morgan Stanley CEO as ChairmanJames Gorman, who is now executive chairman of the wirehouse, is stepping down from that role on Dec. 31.
October 18, 2024
Rockefeller Nabs $1.9B Merrill TeamThe 16-person group DiMedio Wealth Partners has joined its family office business in Newtown, Pennsylvania.
October 16, 2024
Morgan Stanley Shares Soar Most in 4 Years on Q3 Profit SurgeThe wealth unit generated revenue of $7.27 billion, with $64 billion in net new assets.
October 15, 2024
BofA-Merrill Nears $6T in Assets Across Banking, Wealth ManagementExecutives on a quarterly earnings call cited strong momentum across all three business lines.
October 11, 2024
Falling Rates Aren't as Bad as Feared for Wells Fargo, JPMorganThe banks' shares rose after they reported quarterly earnings that included upbeat results in investment banking and capital markets.