Displaying 740 results
McColgan’s future in joint venture is unclear
Ellyn McColgan, the hard- charging executive who was drafted to run Morgan Stanley's recovering Global Wealth Management Group last year, appears to have been sidelined by the firm's decision to combine forces with Smith Barney.
McColgan’s role unclear in MSSB venture
Ellyn McColgan, the hard-charging executive who was drafted to run Morgan Stanley’s recovering Global Wealth Management Group last year, appears to have been sidelined by the firm’s decision to combine forces with Smith Barney.
Broker who advised Gorman jumps to UBS
Morgan Stanley co-president James Gorman has lost one of the firm's top brokers to a rival wirehouse — the very broker who has been advising the executive on his own portfolio.
Who wins at the new MSSB?
Here’s my prediction as to who will emerge as eventual winners in the Morgan Stanley Smith Barney joint venture: sign makers, business card printers and James Gorman, as well as a small circle of other top managers.
Meet Morgan Stanley Smith Barney
The new combination provides an “unmatched global platform,” the firms said, with $1.7 trillion in client assets and more than 20,000 reps.
The new thundering herd?
The proposed merger of Morgan Stanley and Citigroup Inc.’s brokerage businesses would create a brokerage behemoth, with 23,000 registered representatives and financial advisers, managing more than $2 trillion in assets.
Morgan Stanley, Citi in retail merger talks
The proposed merger of Morgan Stanley and Citigroup Inc.’s brokerage businesses would create a brokerage behemoth with 23,000 registered representatives and financial advisers, managing more than $2 trillion in assets.
Equity underwriting doldrums to linger
Hard times aren’t over yet for The Goldman Sachs Group Inc. and Morgan Stanley, two investment banking powers that recently converted to bank holding companies.
Wirehouse grids squeeze low producers
The lowest-producing brokers at New York-based wirehouses Merrill Lynch & Co. Inc., Morgan Stanley and Smith Barney are…
Morgan Stanley branch manager booted
Another prominent wirehouse branch manager has been shown the door, as Morgan Stanley yesterday cut ties with the head of its Washington complex.
Morgan Stanley posts stunning $2.4 billion loss
Chief executive John Mack sounds the retreat from Morgan Stanley's swashbuckling days after the firm ost $2.34 per share for the quarter ended Nov. 30.
Wirehouses differ on up-and-comer pay
Bank of America Corp. shot itself in the foot by overlooking up-and-coming brokers when it announced its retention deal in late October for about half the 17,000 brokers with Merrill Lynch & Co. Inc., according to Merrill brokers and industry observers.
Insurers downgraded by Morgan Stanley
Morgan Stanley downgraded ING Groep NV, Standard Life PLC and Aegon NV to “underweight” from “equal weight,” expecting more challenges ahead for the insurers, Reuters reported.
Morgan Stanley revamps pay plan
Morgan Stanley is changing its pay plan to reward top producers and up-and-comers.
Morgan’s M&A chief, Gavin MacDonald, dies
Gavin MacDonald, the global head of mergers and acquisitions at Morgan Stanley, died Friday at the age of 47 of a heart attack.
Transcript: Wirehouse/Regional Brokerage FIrms Round Table
The following is an edited transcript of the round-table discussion.
Brokers in no rush to go independent
As much as executives at custodian firms dream about scores of wirehouse brokers going independent, they say that it's just not happening.
Wall Street giants’ estimates slashed
Morgan Stanley and The Goldman Sachs Group Inc. both had their fourth-quarter estimates cut by analysts in research notes published today.
Recruitment deals slim down
The bull market in broker recruitment deals has peaked.
New firm guns for brokers from big firms
Some of the biggest kahunas in the financial services business, including Philip J. Purcell and David S. Pottruck, have banded together to place a big bet on the breakaway broker.
