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.
Ex-Banker Accused of Killing BofA Exec Faces Added Charges
By Dinah Wisenberg BrinThe "special allegation" charges mean Anthony Duwayne Turner could face the death penalty if convicted.
February 14, 2025
Morgan Stanley Ordered to Pay $843,000 to Senior Scam VictimA FINRA arbitration panel found the company liable for failing to protect the 76-year-old widow.
February 14, 2025
Morgan Stanley Pays CEO Ted Pick $34M in First Year Leading BankHe was paid $44 million for 2023, which included a $20 million special bonus amid the leadership transition.
February 11, 2025
What Clients Really Want to Hear From Advisors: Ex-Merrill ExecJohn Thiel, who just launched an RIA, discusses what he seeks in advisors and why he left Merrill.
February 07, 2025
Why Advisors Are More Than Happy to Leave the WirehousesHeadcounts at these large Wall Street firms keep shrinking. Here are five reasons why.
February 06, 2025
UBS Expects Advisor Attrition Due to Pay CutsThe wirehouse's revamped incentive structure, intended to boost growth, reduces payouts for advisors with production under $750,000.
January 27, 2025
UBS Axes Hundreds of Jobs as Integration Gathers PaceThe firm has begun job cuts in Switzerland and is getting rid of the Credit Suisse brand.
January 22, 2025
BofA CEO Says He’s ‘Not Going Anywhere’Brian Moynihan also said advancements in AI and automation help keep costs and headcount in check.