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MSSB to pare number of complexes
In a bid to cut costs, MSSB plans to substantially pare the number of its complexes. The brokerage also plans to shrink the ranks of its nonproducing managers.
Group of MSSB advisers threatening to leave: Reuters
Unhappy with 3D platform, report claims
Star-QB-turned-adviser goes independent route
Billy Blanton went from gridiron to wirehouse; now he's going solo
Thinning the herd: Merrill close to selling non-U.S. units
In final negotiations with Julius Baer, sources say; purchase price pegged at upwards of $2B
Huh? Sandy Weill says break up big banks
Man who helped get Glass-Steagall overturned now says banks should just be banks
Following $84M loss, Finra board election commences
Regulator reveals three candidates for small-firm seat, as well as other nominees; some hot topics
Morgan Stanley lays an egg
Morgan Stanley's earnings were down 50% in 2Q; MSSB's average annual revenue per rep now at $775K
Lost his marbles? Police say UBS adviser shot out 70 windows with slingshot and aggies
But according to police in Beverly Hills, one adviser may not fully grasp this concept. They claim the UBS broker has shot out 70 office windows in the area using a slingshot filled with marbles.
Merrill advisers increasing — and so is their production
Head count on the rise; average annualized revenue now at $915K
Branding: Merrill revives the bull
Wirehouse revives advertising icon in new TV campaign; 'symbol of strength and optimism'
Team of three generations of advisers leaves MSSB for UBS
William Bruen Sr., William Bruen Jr., and Andrew Bruen, a three-generation team of financial advisers managing over $500 million in assets, left Morgan Stanley Smith Barney LLC for UBS Wealth Management last week
MSSB’s margins still somewhat marginal
Brokerage generated 11% profit margin in Q1, still well below its stated goal; more work ahead
Merrill fined for allegedly overcharging customers by $32M
Brokerage agrees to pay nearly $3M fine to settle Finra enforcement action; 'improper coding' blamed
Reps leaving Morgan Stanley Smith Barney blame technology
Recent exits may boil down to one word: Technology.
BofA sharpens Merrill Edge, adds managed accounts
Bank of America sharpens Merrill Edge by adding 10 actively managed portfolios
Which brokerage has the top stock pickers?
Which brokerage has the top stock pickers?
Wirehouse pay approaches parity with indies’, study says
Yet another reason for wirehouse brokers to think about going independent: The compensation incentives just aren’t there anymore.
Wirehouse pay approaching parity with indie advisers’: Study
50% drop in broker comp makes the case for going independent
Three-rung drop would be ‘somewhat stunning,’ says Gorman
Morgan Stanley boss preparing for possible major downgrade by Moody's; hanging out there in the wind
$450M Big Apple team leaves MSSB, hitches up with Wells
Say clients like having assets at a AAA rated bank
