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Goldman Sachs is getting into Bitcoin — who’s next?
Goldman Sachs enters the race to offer wealth management clients access to Bitcoin following Morgan Stanley. Which wirehouse could be next?
Trends in high-performing financial adviser teams
“Mega teams” with the scale to grow, greater diversity, sophisticated tools and the flexibility to adapt to any environment will lead the way.
Wall Street under pressure to give wealthy clients access to Bitcoin
Morgan Stanley's plans to offer funds that will enable ownership of Bitcoin puts pressure on its competitors to go down a similar route. The company is the first major U.S. bank with plans to give its wealthiest clients exposure to cryptocurrencies.
Morgan Stanley to offer Bitcoin funds to ultra-rich clients
Wall Street banks have stayed mostly on the sidelines as cryptocurrencies surged in popularity. While futures contracts based on Bitcoin and Ether, the second-largest digital currency, are available at major exchanges, none of the six biggest U.S. banks have until now offered their customers access.
ESG rises to the top of Lipper Awards
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
It’s final: Morgan Stanley owns Eaton Vance
CEO James Gorman says the acquisition advances the wirehouse's 'transformation’ by adding fee-based business.
Morgan Stanley deal beefs up workplace offering
Privately held companies using law firm Wilson Sonsini's capitalization software will migrate to Morgan Stanley's Shareworks.
Brokerage platforms falter during GameStop surge
The brokers with outages or problems include the most prominent names in the discount and online brokerage industry, including Fidelity, the Charles Schwab Corp., TD Ameritrade, ETrade Financial Corp. and Robinhood.
Duo managing $473 million at Morgan Stanley joins Janney
Scott Phelan, Kevin Myers and an assistant switch firms in Atlanta.
Morgan Stanley’s Gorman now best-paid bank CEO, topping Dimon
Morgan Stanley boosted its chief executive’s pay 22% to $33 million for 2020, when the Wall Street bank posted its third consecutive year of record earnings and announced two large deals.
Wall Street skimps on compensation despite pandemic windfall
Investment banks saw a rise in revenue per employee last year, but that doesn't seem to have translated into big rewards for workers.
Morgan Stanley adds close to 500 new advisers in 2020
CEO James Gorman, who worked at Merrill Lynch before joining Morgan Stanley in 2006, said that last year was the first time in decades he had not seen "net attrition," or a net loss, of advisers. "We're bringing in $20 billion every five weeks," Gorman said.
IBDs saw decent year in 2020 wirehouse recruiting
Independent broker-dealers saw gains in recruiting coveted wirehouse advisers despite the massive disruptions caused by COVID-19. Firms are also building out registered investment advisory platforms to lure advisers.
Rockefeller adds three teams managing $1.7 billion
Former Morgan Stanley, Merrill Lynch advisers join Rockefeller in Boca Raton, Florida, and Chicago
Morgan Stanley taps head of private wealth management to lead HR
Firm veteran Mandell Crawley takes new job; Elizabeth Dennis will succeed him as head of private wealth management
Morgan Stanley rep managing $138 million bolts to Commonwealth
Dale Kramer opens an indie shop, Kramer Wealth Strategies, in upstate New York
SEC bars former Morgan Stanley broker who stole $5 million
Final judgment also finds Barry F. Connell liable for restitution, which he repaid in criminal case
Billion-dollar Morgan Stanley team goes indie with Raymond James
Foursome creates Campbell Johnson McGiboney Wealth Advisors in Franklin, Tennessee
Finra obtains $2.7 million in restitution related to 529 share-class initiative
Morgan Stanley’s $1.7 million settlement highlights remedies for excessive fees
The latest in financial #AdviserTech — December 2020
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
