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.
Wells Fargo to Pay $1B in Class-Action Lawsuit
By Robert BurnsonIt's one of the largest securities class-action settlements of the past decade, according to lawyers for the investors.
May 02, 2023
Morgan Stanley Plans 3,000 More Job CutsThe planned cuts come just months after the firm trimmed about 2% of its workforce.
April 27, 2023
12 Best & Worst BD Stocks: Q1, 2023Some broker-dealers and financial firms found themselves caught up in the fallout from Silicon Valley Bank's March collapse.
April 27, 2023
Fidelity Unveils New Digital Experiences For Next-Gen Investors: Tech RoundupAlso, iCapital has introduced structured investments via Envestnet's platform.
April 24, 2023
Merrill COO Steps DownNews that Kirstin Hill is retiring comes several months after she let the firm know of her plans to depart.
April 21, 2023
Ex-Morgan Stanley, Schwab Broker Arrested on Child Porn ChargesRandall Kiefer has been charged with 21 counts related to child porn.
April 19, 2023
Morgan Stanley Profits Drop Despite Strong Wealth ResultsThe wirehouse aims for its wealth management business to bring in $1 trillion in net new assets every three years.
April 12, 2023
Buffett Says More Bank Failures LikelyStill, the Oracle of Omaha says depositors aren't likely to lose any funds and Bank of America is a good Berkshire Hathaway investment.