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MSSB shifts Furber to internal referrals group
Morgan Stanley has moved Sara Furber to lead a group that refers clients to its investment banking, retail brokerage and asset management divisions.
Flurry of changes at MSSB as Fleming rejiggers
Greg Fleming was named boss of Morgan Stanley's wealth management unit earlier this year. Since then, he's been busy rejiggering the management team at Smith Barney. The latest: the rehiring of a onetime CFO at the brokerage.
UBS snags slew of advisers in slow recruitment year
In an admittedly slow period for recruitment, UBS picked up a considerable number of advisers over the past year.
MSSB castoffs ‘attractive’ candidates for other firms
Recruiters say laid off trainees and low producers won't have trouble lining up work
Baird snags managers from MSSB, aims to hire 150 more advisers
Robert W. Baird & Co. Inc. is opening up an office in Salt Lake City to offer financial advice with the help of Dean Cottle, a veteran wirehouse complex manager from Morgan Stanley Smith Barney LLC.
Morgan Stanley scores top Merrill, UBS advisers
Morgan Stanley Smith Barney LLC recently recruited two teams of financial advisers from UBS AG and Bank of America Merrill Lynch that had a combined trailing 12-month production of just under $10 million between them.
Baird strikes again, hiring longtime Morgan Stanley manager
Stroker a 28-year vet at Smith Barney; Baird on a hiring roll
Team leaders must ‘walk the talk’ in conveying mission
Being an effective leader of a financial advisory team is difficult, complicated and at least as important as client-focused activities such as business development and customer service, according to a team consultant for Morgan Stanley Smith Barney LLC.
MSSB’s McAuliffe jumps to Merrill Lynch
Will head up BofA unit's institutional consulting group; wirehouse veteran
MSSB productivity way up – but more job cuts coming
The largest brokerage has seen its assets swell, while reps' productivity has soared. Those reps that are not producing? MSSB still plans to do some pruning.
MSSB laying off 300 advisers
In a bid to prune low-producers from its ranks, Morgan Stanley Smith Barney is laying off up to 300 advisers in the first quarter of the year.
Morgan Stanley brokerage to drop ‘Smith Barney’ name?
According to a report this afternoon from Dow Jones, executives at Morgan Stanley are weighing a name change at the industry's largest retail brokerage operation.
Danny Sarch: Bonus plan at MSSB has employees in an uproar
On Wednesday and Thursday of this week, Complex Managers at Morgan Stanley Smith Barney were told to participate in a conference call (the Wednesday call was repeated on Thursday) which was entitled: Compensation Communication Day Training. The slides, delivered by Human Resources, detailed how 2010 bonuses were being structured.
MSSB boss pulled down $10M in 2010
Fleming's comp package included $1.4M in cash, and nearly $4M in deferred cash; took over at brokerage in January
Rep count down at MSSB — but assets and production on the rise
Critics and analysts questioned Morgan Stanley's tie-up with Smith Barney. But as the company's fourth-quarter results show, CEO James Gorman's drive for diversification is starting to pay off.
Fleming in, Johnston out as MSSB boss
To date, Morgan Stanley's retail brokerage has not exactly lit up the tote-board. So CEO James Gorman shuffled the deck, tapping his former Merrill Lynch colleague Greg Fleming to head up the struggling unit.
Brokerage to blame for Morgan Stanley’s lackluster results?
Morgan Stanley's enormous brokerage and retail distribution network set it apart from other Wall Street titans. And right now, that's not such a good thing.
Morgan Stanley’s brokerage unit reports 41% increase in compensation payout
The total comp doled out to Morgan Stanley's brokerage unit rose 41% in the first nine months of the year. The reason? Mostly, guaranteed payouts to Smith Barney brokers.
The top 100 financial advisers? One firm dominates
Barron's annual ranking shows that Morgan Stanley may not be having that tough a time bringing Smith Barney into the fold
Merrill, MSSB rebounding nicely
Revenue up at both brokerages; client assets also on the rise
