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Investments glossary

Wirehouse Broker


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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil

— Golda Meir

A wirehouse broker is a non-independent broker working for a wirehouse firm, or a firm with multiple branches such as a national brokerage house. The four largest and most well-known wirehouse full-service brokerage firms today are Morgan Stanley, Bank of America’s Merrill Lynch, UBS, and Wells Fargo. A wirehouse is an archaic term used to describe a broker-dealer. Modern-day wirehouses can range from small regional brokerages to giant institutions with offices around the world.

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