Wallace is a proper name used as a surname or given name. In everyday English it refers to people such as historical figures or contemporary individuals bearing the name. Pronunciation is typically two syllables with stress on the first: /ˈwɒlɪs/ in British English and /ˈwɔːləs/ in many American varieties, though some speakers reduce to /ˈwɔlɪs/ depending on dialect.
Full pronunciation guide