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MSSB to pare workforce – but advisers not on the chopping block
Morgan Stanley is planning to lay off 2.6% of its workforce, but reps at MSSB are safe. An insider, however, says the brokerage 'won't entirely escape the belt-tightening.'
MSSB plans for the worst with new asset allocation
In what the firm calls its “most significant change” to its tactical asset allocation in two years, Morgan Stanley Smith Barney LLC's global investment committee is adopting an overweight position in safe havens and underweight position in risk assets
UBS lands $1.7B team from Morgan Stanley
Desai team jumps to private-wealth-management office in Chicago; first win after a couple of losses
<b>INsider:</b> Exiting Merrill team didn’t like BofA answers, source says
Recruiter claims Kadden and others held meeting with bank execs; nature of discussion unknown
Finra fines MSSB $1M for muni markups
Brokerage also ordered to pay restitution to clients
Heads still rolling at MSSB
Morgan Stanley in the third quarter continued to cut the number of financial advisers in its joint venture retail brokerage, Morgan Stanley Smith Barney.
Defection of top team could trigger ‘shock waves’ at Merrill: Recruiter
'Circle of Champions' members jump to new home; managed $1B in assets
Advisers should expect a bleak year: Bove
Richard Bove, a banking analyst with Rochedale Securities LLC, is expecting a bleak year for investment banks and brokerages, and suggests that financial advisers can expect less support from their parent firms and will see fewer opportunities to sign lucrative deals with competitors.
Bank of America Merrill Lynch still on hiring roll
Bank of America Merrill Lynch has brought on six new financial advisers in Texas, Pennsylvania and California.
MSSB’s 20% margin a pipe dream?
Analyst Richard Bove says Gorman's target for brokerage a stretch — and then some; 'phenomenal job'
Morgan Stanley taps new international wealth management boss
Morgan Stanley (MS), owner of the world's largest retail brokerage, named Charlie Mak president of the firm's international wealth-management unit.
Larry Hagman’s ex-MSSB broker jumps to Wedbush amidst dispute
Lisa Detanna, a former broker at Morgan Stanley Smith Barney LLC who became embroiled in an arbitration claim filed by actor Larry Hagman, has moved to Wedbush Securities Inc. in Los Angeles.
Barclays adds six advisers to U.S. wealth management team
Barclays Wealth continues to lure advisers focused on ultrahigh-net-worth individuals, announcing six new hires in three East Coast markets.
Morgan Stanley Smith Barney data theft — yet another reason for advisers to adopt encryption
My favorite-blog-post-title-of-the-year-so-far award goes to Adam Levin, founder and chairman of Credit.com: The Morgan Stanley Smith Barney Breach: Losing Client Data the Old Fashioned Way. Actually, I'm not sure if it is a blog or a true news site, regardless, it is not the typical news outlet you would expect for such a large story.
More pink slips at MSSB? Firm aims to pare costs with adviser cull, tech integration
Bank may cut headcount at its brokerage beyond previously announced targets; underwhelming first quarter
Morgan Stanley’s Gorman ‘checkmated’ by UBS, Bank of America: Analyst
Analyst Brad Hintz says Morgan Stanley boss James Gorman won't try to reign in comp costs at MSSB anytime soon. Why? Because UBS' Bob McCann and BofA's Sallie Krawcheck are on the prowl for the brokerage's talent.
Morgan Stanley worth more dead than alive?
Analyst Brad Hintz says Morgan Stanley could shut down its enormous trading business -- and the bank would still be worth more than what its stock is currently trading at. The takeaway? Investors are missing a good bet.
Personal info on 34,000 MSSB clients goes missing in the mail
Package containing two CDs arrives at NY state tax facility -- minus the CDs; data included SSNs, names of investors in tax-exempt bonds
Morgan Stanley Smith Barney to shed reps’ social media shackles
Morgan Stanley Smith Barney will let its nearly 18,000 financial advisers market themselves and share ideas with clients through LinkedIn and Twitter, which will allow for a 'a significant competitive advantage' according to one top exec.
