Morgan Stanley, Wells Fargo lose reps to Baird

Brokers in Chicago and Nashville collectively managed $325 million.
SEP 18, 2017

Two registered reps — one who managed $175 million at Morgan Stanley, and the other who managed $150 million at Wells Fargo — have joined Robert W. Baird & Co. (More: See all the latest moves in the InvestmentNews Advisers on the Move database) Thomas Marchal of Chicago spent 23 years at Morgan Stanley and its predecessor firms. Ken Williams of Nashville, Tenn., began his securities career in 1983 at Prudential-Bache and moved to Merrill Lynch in 1987. He rejoined Prudential in 1992, which subsequently was acquired by Wells Fargo.

Latest News

Despite economic pressures, Americans aren't giving up their summer vacation plans
Despite economic pressures, Americans aren't giving up their summer vacation plans

Survey finds vacation confidence at an all-time high, defying budgetary constraints and ongoing inflation in travel costs.

New Jersey court says restitution and disgorgement can both be used in securities fraud cases 
New Jersey court says restitution and disgorgement can both be used in securities fraud cases 

A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds. 

UBS loses Ocean Capital lawsuit 
UBS loses Ocean Capital lawsuit 

A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.

Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 
Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 

Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.

Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene

The newest advisor-focused AI notetaker arrives with a low-price pitch for enterprises – but is it too little, too late to gain market share?

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.