As the U.S. braces for a recession, Morgan Stanley is reducing its global head count.
An investor alleges the firm made unauthorized trades. The Finra arbitration decision comes as the regulator is conducting an exam sweep on options.
The groups that Hassan will take responsibility for were previously part of the global wealth-management operation.
Chairman Colm Kelleher said the bank has been slow to identify cross-selling opportunities to wealth management clients.
The Finra penalty included a fine of $200,000 and restitution to clients of $498,000 plus interest.
The two advisers are based in the firm’s Bala Cynwyd, Pennsylvania, office
Nandi Gunning joins a trio of advisers managing $2.5 billion in San Francisco.
The investment firm has tapped Morgan Stanley's wealth management arm as it seeks to raise $6 billion for its next venture fund.
A team of four advisers in suburban New York is making the switch.
Tim Truebenbach will open an office for the LPL Financial unit in Tacoma, Washington.
Known as the '3% investment policy,' the rule acted as a modest — if nagging — monthly charge on the revenue advisers generated.
The latest moves illustrate the push-and-pull dynamics of recruiting and hiring advisers at Wells Fargo.
The Consumer Financial Protection Bureau is pressuring the bank to pay the fine to settle a series of investigations into the bank's mistreatment of customers.
Their independent firm, 18Forty8 Private Wealth, is based in Madison, Wisconsin.
In a break with tradition, the firm is introducing next year's pay plan for its 12,000 advisers earlier this year.
The firm is in talks with the Consumer Financial Protection Bureau regarding cases involving automobile lending, consumer-deposit accounts and mortgage lending.
The service allows the firm's high-net-worth clients to use a variety of third-party asset management firms.
The bank added that it had a 'strong quarter' in financial adviser recruitment in the Americas but gave no details in its earnings information.
While CEO Ralph Hamers pursues his vision of harnessing automated tools and boosting the firm's standing in the US, wealth business head Iqbal Khan and his disciples are concerned about diluting UBS' private banking brand.
Plano, Texas-based Valorous Advisors specializes in retirement plan consulting.
