HighTower Advisors LLC has hired another adviser from Morgan Stanley Smith Barney LLC's ranks — despite facing a continuing “lift-out” lawsuit that Morgan Stanley brought against it last month.
HighTower Advisors LLC announced today that it has snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
Morgan Stanley will continue to cut branches in the United States as it integrates its overlapping outposts with Smith Barney, but hopes to expand in the rapidly growing overseas market.
Best way to stop RIA growth is to put clients first, Merrill's boss says
Wells Fargo may have seen a modest dip in income in the first quarter of the year, but its advisory biz saw a big jump in productivity -- and profit
First-quarter earnings were down 45% at the discount brokerage. One positive sign: the number of net new accounts rose
E*Trade Financial Corp. shares gained the most since December after TD Ameritrade CEO noted that his firm could pull off a major deal
In a security snafu, an unencrypted storage device was apparently stolen from a rep's car.
Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
In its second big purchase in a month, the firm dramatically boosts its profile in Europe.
The Bank of New York Mellon Corp. said it is acquiring the global investment-servicing business of The PNC Financial Services Group Inc.
Germany's biggest lender said record pretax profit at its corporate and investment bank unit along with improved revenues from selling and trading debt and equities, lifted its first-quarter results higher
An old stock market “saw” states, “Sell in May and go away,” emphasizing that the worst part of the year for stock performance is the months between May and November.
After rolling out with great fanfare its HybridOne brand for dually registered advisers in June 2008, Fidelity Institutional Wealth Services quietly has stopped marketing its service as a distinct offering.
After 53 years with Citigroup, the senior vice chairman steps down from his position to serve the company as a senior adviser.
Under pressure from financial advisers who want to act as fiduciaries in 401(k) plans, Fidelity Investments plans to institute level 12(b)-1 mutual fund fees paid to advisers who sell the firm's plans.
Post-recession, the numbers of millionaires climbed to nearly 8 million. That still trails the all-time high of 9.2 million reached in 2007
I am in the same camp as Federal Reserve Chairman Ben Bernanke. I know that the economic recovery is in full swing, because I've confirmed it with Mike, a deli owner around the corner from my office, John, a neighborhood restaurateur, Ammar, my cigar shop proprietor, and Gus, my family's shoe repairman.
