Here's a pretty startling statistic: New data shows that advisers who work in teams make 32% more money than those who fly solo. Indeed, the average team member pulls down nearly $300,000 a year.
It's official — management at Morgan Stanley has eighty-sixed the 'Smith Barney' name, rebranding the iconic brokerage as Morgan Stanley Wealth Management. What would John Houseman think?
Merrill Lynch's proposed settlement with ex-brokers was aimed at limiting litigation. But some lawyers say it may trigger more lawsuits. Here's why.
Agreement will set the floor for future monetary claims; lowball figure would trigger new suits, lawyers say
Banks are hurriedly bracing for widespread demonstrations, disruptions and disturbances on May 1, as the Occupy Wall Street movement kicks off a new season of rabble-rousing. Says one security expert: It's like elks versus wolves.
Affiliation will aid hybrid firm's projected expansion to $3B in assets by end of 2013
Brokers and other observers say a culture clash and cost cutting have left legacy Smith Barney reps feeling demoralized and could cause more of the firm's brokers to leave.
SEC boss says work continues on proposal; 'I've kept the issue alive and moving forward'
Set up the company's first Las Vegas office; two other teams exit the herd as well
Low-ball valuation by Morgan Stanley doesn't inspire great confidence in future of big brokerage business
Finra said it is considering an exemption for a controversial fee it charges for existing members that make material changes to their firms
Eduardo Queen spent seven years at New York-based wirehouse
Citi says MSSB is worth $22B. Morgan Stanley says it's more like $9B. So who's right?
Celenza, DiGioia make quick exit from U.K. bank after 11 years at Smith Barney; location, location, location
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.
