LOGIN
Subscribe

$740M Morgan Stanley Smith Barney team bolts for independence

Another team of registered representatives who work with wealthy clients has turned its back on Wall Street to become independent registered investment advisers.

Another team of registered representatives who work with wealthy clients has turned its back on Wall Street to become independent registered investment advisers.

The team, Eric Thurber, Fred Molfino and Brett Sharkey, left the Menlo Park, Calif., office of Morgan Stanley Smith Barney on

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Broker who took client funds for 17 years is barred

Broker who took client funds for 17 years is barred

"A broker admitting that he has been ripping off clients for 17 years is beyond troubling," said one attorney.

SEC boots California RIA linked to crypto, private funds

SEC boots California RIA linked to crypto, private funds

"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.

Former head of Osaic B-D lands at AssetMark

Former head of Osaic B-D lands at AssetMark

"Having relationships with financial advisors is one of the greatest assets these senior executives possess," said one industry official.

Colorado bars advisor over high-risk options trades

Colorado bars advisor over high-risk options trades

"Buying options is fraught with risk for financial advisors," one attorney noted.

Finra bars two ex-Raymond James advisors who sold unapproved products

Finra bars two ex-Raymond James advisors who sold unapproved products

Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.

Latest news

Global bonds fall again amid stubborn inflation outlook

Global bonds fall again amid stubborn inflation outlook

Investors are impatient, they want big earnings

JPMorgan’s Kolanovic set to depart after string of bad stock calls

Nearly a fifth of Americans have no emergency savings, finds Empower

$200M father-daughter team from Edward Jones makes a break for independence

Gen X could get trillions in inheritance over 10 years

Is Robinhood planning to move into wealth management with new acquisition?

Senior homeowners gained $329B equity in Q1 but price growth is slowing

EM currencies fall amid Treasury yields outlook

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print

Subscribe

Get unlimited access to InvestmentNews

Subscribe for just
$19.99 per month.

Subscribe