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Morgan Stanley co-president Andy Saperstein diagnosed with cancer
The executive plans to continue working as he begins to receive treatment.
Morgan Stanley taps Jed Finn to run wealth business
Finn was previously an executive at McKinsey & Co., as were co-president Andy Saperstein and CEO James Gorman.
Independent advisory firm launches in Massachusetts with $650m in assets
Two advisors formerly affiliated with Morgan Stanley and UBS make the jump to new RIA.
Morgan Stanley International ex-chairman sues for over $15 million in unpaid fees
Legal battle launched over retainer, success fees.
Morgan Stanley to pay 6 states $6.5M for failing to protect customer data
About 15 million clients' details were exposed after information was left on decommissioned computers.
Wealth management bonuses to increase, bankers hit hard
Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.
Snowden Lane addition brings total recruited assets this year to $1B
Former Merrill Lynch advisor is the latest to switch to the hybrid RIA.
Fed pushes Morgan Stanley to tighten wealth management controls
The regulator wants to ensure enough is being done to prevent money laundering by international clients.
UBS wins back Credit Suisse clients
The bank saw stronger-than-expected client inflows of $22 billion in its wealth management business, including $3 billion at Credit Suisse's unit.
SEC keeps up pressure on firms’ cash sweep accounts
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Wells Fargo analyst questions Morgan Stanley’s $20M bonuses
Mike Mayo says the payouts to three senior leaders suggest governance risk.
Morgan Stanley CEO contenders pocketed $20M special bonuses
New Chief Executive Ted Pick and two others were given the equivalent of a year's compensation.
Merrill compensation changes ‘very advisor friendly’
Industry experts give their verdict on the wirehouse’s decision to replace its ‘growth grid’ with a ‘growth award.'
Morgan Stanley names new CEO, head of wealth and more
2024 will bring a fresh look to the wirehouse's leadership.
Raymond James adds $287M AUM wirehouse team in Guam
Two advisors join the firm's employee advisor channel.
Recession not likely, says Morgan Stanley’s Gorman
'If ... you've got a client sitting on a lot of cash earning zero, I would hope you're telling them to put it into Treasuries or something,' Gorman said.
Beacon Pointe adds $2 billion team from UBS
Russell Crow and William Diehl head the Dallas-based group.
Morgan Stanley sees Q3 profit slide on investment bank slowdown
Revenue from the fixed-income trading business slumped 11% and, along with muted fees from dealmaking, caused a drop in net income.
Bank of America sees decline in income for wealth group
CEO Brian Moynihan calls the wealth management group 'the least efficient business in the platform.'
Wells Fargo advisors jumping internally — to FiNet
'The bank is trying to keep advisors who would have left anyway and keep revenue in house,' one recruiter notes.
