Displaying 223 results
Recruiting slows in Q3, with moves down 4.4% vs. 2021
High inflation, poor market returns, rising interest rates and their anticipated impact on the economy may have advisers staying put.
The latest in financial #AdviserTech — October 2022
DPL Financial Partners’ $20 million in additional capital, Ethic Investing’s $50 million Series C round, and the demise of UBS’ deal for Wealthfront are among the highlights of this month's roundup.
UBS nabs $1 billion Morgan Stanley trio
The three-adviser, five-person team, Narragansett Bay Group, makes the switch in Providence, Rhode Island.
Morgan Stanley rides wealth management as a third-quarter highlight
The wealth management group attracted $65 billion in net new asset during the quarter, pushing the total this year to $260 billion.
Strong job market not enough to calm nervous employees
62% of workers have cut their contributions to their savings in response to the economic impacts related to inflation or concerns about a recession.
Morgan Stanley advisers managing $1.4 billion move to UBS
Two soloists and a team make the switch in Northern California.
Morgan Stanley brings robo-adviser under the ETrade brand name
Morgan Stanley will stop making the robo, Access Investing, available to new clients in December.
Wall Street firms seen paying historic fine to settle WhatsApp probe
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
Morgan Stanley study shows employees seeking beefed-up benefits
Sixty percent of workers say they're focusing more on their financial benefits compared to a year ago, according to the firm's survey.
Morgan Stanley hit with $35 million SEC fine over data security
When the bank replaced hard drives and servers, it improperly disposed of thousands of devices, compromising the personal data of about 15 million clients.
Morgan Stanley introduces aggregation of held-away retirement accounts
Morgan Stanley at Work is rolling out a Corporate Retirement Portal to give its plan advisers a consolidated view of retirement data.
Goldman, Morgan Stanley move to return employees to office by easing Covid rules
The two investment banks both told staff that they will lift some of their remaining Covid-19 mitigation efforts after the Labor Day weekend.
Rep charged with stalking ex-girlfriend fired by Morgan Stanley
Gary T. Guglielmo of Boca Raton, Florida, was charged with two felonies and with contempt of court for violating an injunction that provided protection to his ex-girlfriend.
Finra fines Morgan Stanley $325,000 over research errors
The regulator censured the firm for publishing research reports that included inaccurate historical stock ratings.
The 60/40 strategy will make a comeback, Morgan Stanley says
The approach offers higher estimated long-term returns in the US and Europe over the next decade than at most points over the last 10 years.
The message is compliance
The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.
Naureen Hassan brings deep tech expertise to guide UBS digital shift
Hassan, who will succeed Tom Naratil as president of UBS Americas, has served as Morgan Stanley’s chief digital officer and led the launch of Schwab’s robo-adviser.
Wall Street texting habit sticks banks with rare $1 billion bill
The sweeping civil probes rank among the largest-ever penalties levied against US banks for record-keeping lapses.
Reslicing the profit pie at Wells Fargo
If the pie keeps growing, wirehouse brokers probably won’t mind getting a relatively smaller slice.
90-year-old Morgan Stanley broker arrested after shooting business partner
Leonard Bernstein is accused of shooting his 61-year-old colleague multiple times in an Oklahoma City branch office.
