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Morgan Stanley reaps benefit of comp changes in Q1 earnings
A decline in compensation expenses in the first quarter helped the wirehouse hit its 22% profit margin target three quarters ahead of schedule. (Don't miss: The 6 highest-paid B-D executives)
Top independent adviser manages $3.5 billion in new ranking
More than 20,000 independent RIAs in the U.S. increased assets 82% to $2.3 trillion from 2007 to 2013 while assets at largest retail brokerages rose 8.2% to $6.2 trillion.
NFL star Dwight Freeney sues BofA, adviser for $20 million
Dwight Freeney accuses the firm and adviser Michael Bock of leading him into a massive scam. (Plus: 7 athletes who say they were duped by advisers)
RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
Pershing CEO: RIA growth outpacing B-Ds
Ron DeCicco expects the RIA channel to continue growing while regulatory pressures and higher expenses weigh down broker-dealers.
Investors see few benefits of lower fees in adviser-sold investments
Managed accounts sold by advisers deflect trend toward lower-fee money management as brokers work to maintain profits: Cerulli.
Morgan Stanley sues former broker, now at Ameriprise, over recruiting hijinks
A former Morgan Stanley broker altered his clients' phone numbers in the firm's system before leaving for Ameriprise, according to a lawsuit
FTC investigation finds glitch to blame in Morgan Stanley data breach
Morgan Stanley won't face Federal Trade Commission action as a result of a data breach that compromised information of some 350,000 clients.
Merrill seeks to be leader on fiduciary
John Thiel's outspoken support of a best-interest standard and the Labor Department's effort puts pressure on peers. (See also: DOL proposes controversial fiduciary rule)
Merrill fined $2.5 million for supervision violations in Massachusetts
Training session did not include discussion of fiduciary requirements when commission-based assets are moved to fee-based accounts
JPMorgan sues $2B team who left for Morgan Stanley
JPMorgan is seeking a restraining order against six brokers for allegedly contacting clients and defaming the company.
Wirehouse employees rate their firms on sites like Glassdoor.com
Morgan Stanley chief James Gorman gets 87% approval rating on Glassdoor.com, tops among wirehouse CEOs. The firm ranked third on Vault.com among the 50 'best' banking companies in terms of quality of life and prestige.
UBS advisers’ comp falls amid flat revenue
Declines in transaction revenue and slower growth in fee revenue hampered performance.
Wirehouse advisers pile into euro-stock ETFs
Currency-hedging ETF strategies are a no-brainer: Merrill Lynch portfolio manager
Merrill settles short-selling case with SEC for $11 million
Agency says wirehouse executed short sales in some stocks even when supply fell short.
Merrill Lynch’s John Thiel urges colleagues to work with DOL on fiduciary rule
At least one major industry player is taking a more welcoming stance toward working with the Labor Department…
Fired $1.3B Merrill broker speaks out
A 33-year veteran,Thomas Buck won't fight the wirehouse's allegations and is looking to move on after his sudden, unexpected termination
Brokerage executives enjoying steadily increasing payouts
As markets thrive and wealth management becomes a focus at major firms, brokerage execs like Morgan Stanley's Greg Fleming enjoy bigger paydays.
Wall Street bonuses up 3%, even as banks pay millions in legal settlements
Industry adds jobs in New York City for the first time since 2011.
Merrill to pay $400,000 over telemarketing compliance shortfall
New Hampshire Bureau of Securities Regulation says B-Ds do not 'fully understand' how to comply with telemarketing rules.
