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Can Goldman Sachs and Citigroup catch up on hiring advisors?
Both banks have recently signaled their interest in bolstering their wealth management operations, but they can't snap their fingers and conjure financial advisors from thin air.
Morgan Stanley reports a loss of advisers after exiting the protocol for broker recruiting
The firm said it lost 47 brokers in the fourth quarter, the most in any quarter of 2017.
Wirehouses luring talent at indie B-Ds
Desperate to reel in star brokers, the wirehouses are fishing more than ever in the unlikely and foreign waters of independent-contractor broker-dealers to hook their top representatives
Smith Barney may disappear the old-fashioned way
Like E.F. Hutton, PaineWebber and Dean Witter, the venerable name of Smith Barney is likely to be relegated to the ash heap of Wall Street history
MSSB/Merrill swap teams in broker war
At a time when Wall Street is talking about tightening its belt, Morgan Stanley Smith Barney LLC and Bank of America Merrill Lynch are still showing a willingness to shell out big bucks for top-producing financial advisers
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 an underweight position in risky assets, including commodities, according to a firm research bulletin distributed early this month
Analyst: MSSB ‘checkmated’ by BofA, UBS
Morgan Stanley's brokerage unit must keep compensation high to retain top financial advisers because Bank of America Corp. and UBS AG are looking to poach employees, an analyst said
Wirehouses saw little turnover in the past year
Financial adviser turnover at the four wirehouses — Morgan Stanley Smith Barney LLC, Bank of America Merrill Lynch, UBS AG and Wells Fargo & Co. — dropped to near-historic lows over the past 12 months
Reps face belt-tightening at MSSB
With margins at its retail-brokerage business running at just half of what it promised investors, Morgan Stanley is…
The secrets of the top advisers
Gregory Vaughan has the demeanor of your favorite college professor — accessible, attentive and humble
Morgan Stanley scores teams from UBS, Merrill
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
Retail-broker business enjoys rosy first quarter
First-quarter earnings at Wall Street firms with large financial adviser forces demonstrate that after two years of turmoil, the biggest players in the investment industry have righted themselves and are poised to build their businesses again
Back to the future: Wirehouse firms resurrect training
After a decade of spending money to acquire successful representatives rather than develop their own, wirehouses are buffing…
Flurry of changes at MSSB as Fleming rejiggers
In yet another shake-up at Morgan Stanley, Greg Fleming, president of the bank's asset management and wealth management operations, has hired a former Smith Barney exec as chief operating officer of the joint venture Morgan Stanley Smith Barney LLC
Partnering helps bring assets in the door for UBS
UBS Wealth Management wants its high-end financial advisers to partner with its retail advisers to attract additional client assets — and it is making it worthwhile for the advisers who successfully pair up.
UBS hires MSSB hedge fund wiz
Jerry Pascucci, the chief investment officer for alternative investments at Morgan Stanley Smith Barney LLC, is joining the…
Teaming up helps bring assets in for UBS
UBS Wealth Management wants its high-end financial advisers to team up with its retail advisers to attract additional…
No contest: Merrill stomping MSSB in wirehouse wars
In the clash of the two largest U.S. brokerages, Bank of America Merrill Lynch is generating more profit with fewer people than Morgan Stanley Smith Barney LLC.
MSSB hits small accounts with new fees
Morgan Stanley Smith Barney LLC this month began imposing quarterly fees of $35 on households with total accounts under $25,000, the latest development in big brokerage firms' long-simmering campaigns to wean financial advisers from small accounts.
MSSB makes changes to its retail management team
In an executive switch that creates an opening in its wrap account business, Morgan Stanley Smith Barney LLC has named a new chief operating officer and a new private-wealth-management head.
