Displaying 224 results
Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit
Shawn E. Good, from Wilmington, North Carolina, had clients send funds to his personal bank account to supposedly make low-risk investments in real-estate development projects,
The persistence of remote work
In the short space of four months, remote work seems to have become an even more permanent part of our everyday lives.
Finra arbitrators award former Morgan Stanley broker $900,000
The former rep, Joseph C. DeNicola, alleged wrongful termination, defamation and unpaid compensation.
Morgan Stanley spins off $15 billion RIA business
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
Exclusive: Morgan Stanley lays out plans to enter the ETF market
The $1.5 trillion investment manager is designing a full-scale ETF platform, and plans to launch its first ETFs this year.
‘The Morgan Stanley fade’: US probe dredges up years of animus
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
Raymond James adds Morgan Stanley duo managing $175 million
Naples, Florida-based John Patat and Joel Gravina will operate as Focus Wealth Management of Raymond James.
The confusion over crypto assets
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
To honor Black adviser pioneers, keep growing their ranks
Let’s honor Thorvald McGregor, Lilla St. John and other Black pioneers by encouraging and supporting their contemporary counterparts.
Morgan Stanley banker faces block-trading probe
The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.
Morgan Stanley sees ‘freakish’ asset growth in 2021, Gorman says
Last year was an unusually productive one for Morgan Stanley and its close to 16,000 financial advisers, who brought in record net new assets for the year.
The advice industry went to Fat City in 2021
Despite last year’s riot at the Capitol and a variety of lethal Covid-19 variants, the broad stock market roared, which is always good news for financial advisers and their firms.
Credit Suisse ordered to pay former brokers about $10 million
The decision by Finra arbitrators is another win for advisers who say the firm owes them money after an October 2015 decision to shut its U.S. private bank.
Morgan Stanley wants more diverse young hires
The firm is announcing an initiative, the Equity Collective, in which wealth and asset management firms commit to working with career-focused community organizations to reach young people from more diverse backgrounds.
With the rise of RIAs, recruiters must change their game
Recruiting is no longer a straight-up proposition, such as moving a wirehouse adviser from Merrill Lynch to UBS, or vice versa.
Vanguard, American Funds double down on model portfolio partnership
A year after joining forces to create active-passive models for Merrill Lynch, the asset management heavyweights take their models to Morgan Stanley.
Wirehouse CEOs muse about RIAs and competition
James Gorman of Morgan Stanley and Charlie Scharf of Wells Fargo both took time during their earnings conference calls to share some thoughts about their RIA competitors.
Morgan Stanley adds record assets, buys retirement plan firm
The wirehouse made yet another acquisition in the wealth management space last month, this time a retirement plan company with $43 billion in assets.
Break up Wells Fargo? OK, but what are its advisers worth?
Wells Fargo Advisors could fetch more than $20 billion in this high-demand market for wealth management firms.
Morgan Stanley’s broad new pipeline for clients
Recent acquisitions have created a "funnel" for new clients, said Jonathan Pruzan, the firm's chief operating officer. The company now has more than 14 million net relationships.
