Washington Redskins running back Adrian Peterson has taken Morgan Stanley Wealth Management to arbitration over a dispute with his Morgan Stanley adviser, according to published reports.
Mr. Peterson, 34, who is halfway through a two-year, $8 million contract with the Redskins and has earned an estimated $100 million during his 12-year NFL career, reportedly is arguing that he was mislead and misinformed about an investment opportunity sold to him by a Morgan Stanley broker.
No further details were available because the arbitration case has not yet been made public, and Mr. Peterson’s attorney declined to comment.
A Morgan Stanley representative responded to a request for comment on the arbitration case with the following comment: “We are defending against these claims, which we believe are without merit."
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
