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 Sued Over Low Interest Rates on Client Cash
By Dinah Wisenberg BrinThe wirehouse pays a fraction of what firms like Vanguard pay in similar accounts, the suit says.
June 13, 2024
Wells Fargo Fires Over a Dozen for 'Simulation of Keyboard Activity'The staffers, all in the firm's Wealth and Investment Management unit, were discharged after faking work.
June 07, 2024
Wealthy Families Fuel $20B Private Equity Buyout WaveThey've made a mark on Wall Street as go-to sources of capital for investment firms like KKR & Co. and Silver Lake.
June 06, 2024
JPMorgan Wealth Unit Adds Execs From UBS and FidelityJane Bailey is now CFO of the business, while Jennifer Barrett leads content and communications.
June 06, 2024
Citi Taps Morgan Stanley Exec to Lead New Client Engagement EffortDawn Nordberg, a Morgan Stanley veteran, will join Citi in September.
June 06, 2024
Citizens CEO Plots a Continued Expansion of Wealth BusinessesSince last year, the bank has hired some 220 private bank employees and Morgan Stanley wealth veteran Paul Casey.
May 30, 2024
UBS Names Wealth Co-Heads in Management ShakeupRob Karofsky will run the bank's U.S. business, with Naureen Hassan retiring from the wirehouse.
May 29, 2024
Merrill Employee Error Causes Walmart 401(k) Data Breach"We are not aware of any misuse of the personal information disclosed," Merrill's parent said.