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Morgan Stanley eyes retirement, overseas wealth management opportunities
'I think in the wealth and asset management spaces internationally, we punch below our weight,' Chairman and CEO James Gorman said during the firm's conference call to discuss first-quarter earnings.
Finra arbitrators award former Morgan Stanley broker $900,000
The former rep, Joseph C. DeNicola, alleged wrongful termination, defamation and unpaid compensation.
Wells Fargo Advisors fires back in Georgia court dispute over arb decision
In its appeal, the firm argues that the judge was wrong and that the arbitration decision it had initially won against a client should stand.
UBS wealth unit launches group focused on inclusive investing
The new team will offer investments that focus on promoting equality, expanding opportunities and improving outcomes for underrepresented or marginalized groups.
Burt White moves from LPL to Carson Group
As chief strategy officer, LPL's former chief investment officer will join the executive board and report directly to Ron Carson.
Morgan Stanley spins off $15 billion RIA business
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
Raymond James adds Merrill pair with $353 million in assets
The father-and-son team of David and Mitch Vallie is based in Grand Blanc, Michigan.
‘The Morgan Stanley fade’: US probe dredges up years of animus
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
UBS will allow some US employees to work remotely full-time
The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit.
Morgan Stanley is wirehouse hiring winner in 2021
It was the only wirehouse to show a net increase in financial advisers last year, according to InvestmentNews data.
LPL nabs $345 million California team from Wells Fargo
Pasadena-based Floe Financial Partners had been affiliated with LPL prior to joining Wells Fargo in 2012.
Morgan Stanley sets 90-day limit on working from home
Firms have made plans to return employees and advisers to offices in the past but have scuttled those due to flare-ups of the pandemic.
Wells Fargo team managing $275 million moves to Baird
The three-person Arnold & Tai Group is joining the firm in Denver.
Two years later, financial services firms still searching for balance on remote work
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
Wells Fargo Advisors sees another senior manager leave
John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.
Wells Fargo boosts CEO Scharf’s pay 20% for 2021
Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.
Advisers flock to RIAs in the new normal
The RIA channel saw a net gain of 1,530 financial advisers in 2021, while the wirehouses had a net loss of 2,065.
Merrill looks to boost hiring of experienced advisers in 2022
The hiring push comes after Merrill and Bank of America reported a 6.3% decline in financial adviser head count last year.
Ex-Merrill adviser who threw smoothie wants probation
James Iannazzo, who's facing three charges as a result of the incident in January, seeks to plead not guilty and be put on probation for up to two years.
More consolidation to come for Wells Fargo Advisors?
No details about closing branches or offices of Wells Fargo Advisors locations were included in the filing with the Securities and Exchange Commission.
