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Legacy Smith Barney managed funds program closed
Not all brokers are happy, but Morgan Stanley says shutting the “wrap” accounts program to new investors will reduce complexity.
Morgan Stanley nabs 3 brokers with $1.3 billion in assets
Recent recruits include a former Merrill Lynch duo who managed $1.1 billion.
Morgan Stanley dodges $15 million raiding claim
Charles Scwab's $15 million arbitration claim against Morgan Stanley for hiring brokers from its San Francisco office was rejected.
Wells Fargo binges on Morgan Stanley recruits
Since June, the firm has snatched nearly $1.4 billion in assets from rival wirehouse, according to moves tracked by InvestmentNews.
Morgan Stanley managers depart amid reorg
Some high-level executives depart as firm restructures its managed-account unit, and streamlines products and services staff.
Merrill Lynch launches technology-driven retirement tools
Merrill Lynch Clear uses iPad apps to encourage goals-based conversations between advisers and clients.
‘Don’t fight the Fed’ was never more true
Tuesday's Breakfast with Benjamin menu includes: It's true: Don't fight the Fed. Also: Alibaba mania is here and so is Apple's big day; Wells Fargo faces possible Finra action and about that Home Depot data breach.
HighTower picks up Merrill advisers with $800 million
Three advisers join as partners and will operate as HighTower Fort Myers.
This week’s stories that financial advisers can’t miss
A scandalous lawsuit, new data on the growth of independent firms, and the rest of this week's must-reads
Wirehouse recruiting loans measure in the billions
Financial advisers conditioned to expect average loans of six figures as competition keeps firms ponying up for top talent.
Wirehouses’ cost cuts target support staff
UBS' plans to cut 75 sales assistants comes as firms including Morgan Stanley target new profit margin goals for next year.
Wells Fargo facing possible Finra action over anti-money-laundering failures
Firm receives Wells Notice notifying it that action is possible because one branch office's activity
What grabbed <i>InvestmentNews</i> readers this week
A big arbitration award, a story about recruiting bonuses and how Vanguard grabbed Pimco's bond crown were among the most read stories this week on InvestmentNews.com. Plus: Lessons from Robin Williams' estate and another investment team loss at LPL.
Advisers with combined $300M AUM join Wells Fargo
Previously worked for Morgan Stanley, all for more than 20 years.
Baird snatches Wells Fargo adviser with $350M in AUM
Gary Foose Jr. will join the firm's Houston office.
Wells Fargo hires UBS team in Texas
Previously managed more than $300 million in assets.
Ex-Morgan Stanley broker loses nearly $1M but gains 100K in Finra arb case
Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.
Brokers’ own accounts tip off firms to a move
Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
Broker comp puts pressure on wirehouse profit margins
Even as firms trim non-compensation expenses, profit margins stay below stated goals.
