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.
Morgan Stanley Sets $12B Profit Goal for Wealth Unit
By Sridhar NatarajanThe wirehouse outlined a plan to nearly double profit from the wealth management business in coming years.
May 23, 2023
Best & Worst Broker-Dealers: Q1 Earnings, 2023Seven firms posted positive results in the quarter, which ended with the failure of Silicon Valley Bank.
May 22, 2023
Wells Fargo Rep Made His Friend a Client's Beneficiary: FINRAThe regulator has suspended the broker for 45 days and fined him $5,000.
May 19, 2023
Merrill Names New Head of Private Wealth ManagementGreg McGauley will also serve as head of Merrill International and Institutional.
May 19, 2023
What Gorman's Departure Means for Morgan Stanley AdvisorsJames Gorman created a "steady path" for the wealth business, industry pros say. Will his successor follow it?
May 19, 2023
Who Will Be Morgan Stanley's Next CEO?James Gorman's plan to depart sets up a battle among three of the Wall Street giant's top executives for his job.
May 19, 2023
Morgan Stanley's Gorman to Step Down After 14 YearsThe CEO says there are three finalists to take over the role following his departure from the firm over the next 12 months.
May 18, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecA preliminary hearing for Anthony Duwayne Turner, charged with killing Michelle Avan, was postponed until May 29.