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Take 5: Naureen Hassan talks integration, aggregation and retaining brokers at Morgan Stanley
The wirehouse's chief digital officer discusses the company's push to use technology to engage in more holistic planning.
Merrill re-evaluates commission ban in retirement accounts
The wirehouse's wealth management group announces a fresh look at the ban now that the DOL rule is on the brink of death.
Advisers with billions in AUM leaving Wall Street
Merrill Lynch has seen two teams exit recently, each with more than $4 billion in client assets.
After firms dump protocol, advisers show reluctance to make a move
Observers say there's fear of potential lawsuits that quash contact with clients when a broker or adviser seeks a new employer.
Morgan Stanley wants brokers to use new tech to chase $2 trillion in assets held outside the firm
Co-head of wealth management Andy Saperstein pointed to a new financial planning program as a way for brokers to capture a bigger share of clients' assets.
Morgan Stanley wants to double asset manager’s size to $1 trillion
As a wave of mergers hits the asset management industry, some analysts question whether the firm should make an acquisition
UBS latest to make push for young, diverse advisers
Wirehouse creates two new training programs and brings in a firm to help it find ethnically diverse candidates.
Wells Fargo sees slowdown in advisers exiting this year
The 2016 banking scandal and public relations fiasco had alienated some of the firm's advisers.
California rep files class action suit against Morgan Stanley
Former broker in San Francisco claims firm did not reimburse reps for expenses.
Former broker fined $10,000 and suspended six months over expense account
Now-RIA Joshua Crossman admitted he fibbed to use up Merrill Lynch expense allowance.
Wirehouses best positioned to benefit from artificial intelligence
The new technology could threaten smaller advisory firms, according to research from Lex Sokolin.
Merrill Lynch fires Chicago star broker Bruce Lee
A perennial member of Barron's list of top financial advisers, his team managed nearly $3 billion in client assets
SEC advice rule: Here’s what you need to know
We sifted through the nearly 1,000-page proposal and picked out some of the most important points.
Morgan Stanley’s success looks long in the tooth to analyst
Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."
Wells Fargo Advisors continues to bleed reps
In the latest quarter, the broker-dealer suffered a net loss of 145 brokers.
Morgan Stanley continues its mutual fund overhaul
The firm is working on reducing the number of funds on its platform further and will be converting some funds investors hold from C shares into A shares.
Morgan Stanley ignored abuse accusations against one of its top brokers: report
Firm looked the other way over Douglas Greenberg's legal run-ins, according to New York Times
Merrill Edge looks to hire 300 advisers in 2018
Online brokerage platform also plans to open 600 new investment centers by 2020.
What to make of Morgan Stanley’s new robo
The brokerage's focus on digital could be a way to retain younger clients or an effort to catch up with Merrill.
Firms exiting broker protocol will suffer, reps say
Firms that help reps make change are more attractive, Fidelity survey finds.
