Wirehouses

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UBS envisions an eventual US wealth firm acquisition, says Chairman Kelleher
NEWS WIREHOUSES OCT 29, 2024
UBS envisions an eventual US wealth firm acquisition, says Chairman Kelleher

The world's biggest wealth manager is looking to extend that dominance in the planet's largest wealth market – after it settles its unfinished business with Credit Suisse.

Citi looks to boost wealth arm with better lures for advisors
NEWS WIREHOUSES OCT 24, 2024
Citi looks to boost wealth arm with better lures for advisors

The Wall Street giant is reportedly sweetening its recruitment packages for top-gun professionals as it continues to navigate a yearslong compliance cleanup.

Morgan Stanley's James Gorman to head Disney board
NEWS WIREHOUSES OCT 21, 2024
Morgan Stanley's James Gorman to head Disney board

The iconic Wall Street leader will assume the role as the search continues for the global entertainment titan's next chief executive.

Wells Fargo Advisors keeps advisor pay stable in 2025
NEWS WIREHOUSES OCT 17, 2024
Wells Fargo Advisors keeps advisor pay stable in 2025

“Advisors from the banks are coming to Wells Fargo to find out more," says one well-placed source.

UBS swipes UHNW advisor from JPMorgan
NEWS WIREHOUSES OCT 17, 2024
UBS swipes UHNW advisor from JPMorgan

He joins the firm's private wealth division in South Florida as the newest addition to a $7.2B advisory team.

Bank of America wealth management reports boost in fresh fee-based assets
NEWS WIREHOUSES OCT 15, 2024
Bank of America wealth management reports boost in fresh fee-based assets

“There was also cash moving off the sidelines,” one Merrill executive noted.

Has wirehouse plugged the leak?
NEWS WIREHOUSES OCT 08, 2024
Has wirehouse plugged the leak?

Wells Fargo Advisors management stresses stability, while recruiter says it appears "faucet of advisors leaving has turned into a drip."

Merrill scores two advisor teams from JPMorgan, Morgan Stanley
NEWS WIREHOUSES OCT 08, 2024
Merrill scores two advisor teams from JPMorgan, Morgan Stanley

The BofA wealth unit's latest additions in Texas and New York reportedly oversee $950M in client assets combined

UBS scores $400M veteran advisor from Merrill
NEWS WIREHOUSES OCT 04, 2024
UBS scores $400M veteran advisor from Merrill

The wirehouse's latest addition in Manchester, New Hampshire arrives with more than two decades of industry experience.

Senator Warren calls for curbs on "too big to manage" Citigroup
NEWS WIREHOUSES OCT 03, 2024
Senator Warren calls for curbs on "too big to manage" Citigroup

The US Senator pressed regulators to place growth restrictions on the Wall Street giant, citing repeated failures in its compliance and risk management.

Merrill adds advisors managing over $1.5B in client assets
NEWS WIREHOUSES SEP 27, 2024
Merrill adds advisors managing over $1.5B in client assets

The firm's latest string of hires from Morgan Stanley and Wells Fargo, expand its profile in the California and Miami markets.

Wells Fargo scoops $2B team from JPMorgan
NEWS WIREHOUSES SEP 27, 2024
Wells Fargo scoops $2B team from JPMorgan

The six-advisor team led by two brothers widens Wells Fargo Advisors' high-net-worth Private Client Group in New York City.

BofA bags $2.7B powerhouse advisor from Citi
NEWS WIREHOUSES SEP 19, 2024
BofA bags $2.7B powerhouse advisor from Citi

Bank of America Private Bank is boosting its ultra-high-net-worth presence in Atlanta, Georgia and the broader Southeastern region with its latest addition.

BofA looking to sync up investment banking and wealth businesses
NEWS WIREHOUSES SEP 17, 2024
BofA looking to sync up investment banking and wealth businesses

The firm has reportedly named two executives to align the two units in a bid to grow assets and land deal opportunities.

JPMorgan snags $600M Washington, DC advisor from Bernstein
NEWS WIREHOUSES SEP 16, 2024
JPMorgan snags $600M Washington, DC advisor from Bernstein

The firm's latest wealth management hire in the Pacific Northwest comes with 10 years of experience

UBS makes headway in Maryland with $650M team
NEWS WIREHOUSES SEP 16, 2024
UBS makes headway in Maryland with $650M team

The five-person group is led by three financial advisors from Morgan Stanley with more than half a century of collective experience.

$1.8B Morgan Stanley team goes indie with Wells Fargo
NEWS WIREHOUSES SEP 16, 2024
$1.8B Morgan Stanley team goes indie with Wells Fargo

The Wall Street bank's latest additions to its independent advisor channel, FiNet, in Illinois bring more than 40 years of collective experience.

Merrill bags $2.2B advisor duo from Morgan Stanley
NEWS WIREHOUSES SEP 12, 2024
Merrill bags $2.2B advisor duo from Morgan Stanley

The two elite advisors, including a 30-year industry veteran, extend the firm's reach in Illinois and North Carolina.

Banks are ceding their wealth funnel advantage, says Cerulli
NEWS PRACTICE MANAGEMENT SEP 04, 2024
Banks are ceding their wealth funnel advantage, says Cerulli

A growing gap between clients' use of traditional deposit accounts and wealth management services hints at an untapped opportunity.

JPMorgan gets swept up in cash sweep drama
NEWS WIREHOUSES AUG 27, 2024
JPMorgan gets swept up in cash sweep drama

A class-action suit filed against the Wall Street bank is just the latest in a raft of cases alleging too-low interest rates offered to clients.