Finance

The bank’s wealth management businesses posted $217 million in first-quarter profits, up from $156 million in the same quarter a year ago.

Despite an impressive performance, Morgan Stanley's CEO is not preparing to raise profitability targets.

Known for his “safe and cheap” investing mantra, he distinguished his style from that of Benjamin Graham and David Dodd, the fathers of value investing.

The new fund tracks the S&P 500 Dividend Aristocrats Index.

Although their products have won on returns, nearly all the new jobs have gone to men since 2015.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

At some point, stock price gyrations became synonymous with bad performance. Actually, it’s "only a reflection of volatile movements in the market.”

The brokerage ranks shrank by 258 from the year-ago period.

Like selling a car, asset managers can list their products’ specifications, but that isn’t always enough.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

A spike in volatility and changes in U.S. tax law are some of the reasons why the firm says clients have moved their money in the quarter.

Advisor Group firm Woodbury Financial targets the bank brokerage channel.

Candidates need to demonstrate how they have improved their firm's marketing, technology or operations.

Direct ownership has dropped by $103 billion year over year — and by more than $300 billion since 2010.

The continued ascendancy of low-cost passive funds puts pressure on compensation overall, particularly in active management.

“It’s bad when this happens on a Friday, because then people get freaked out over the weekend.”

Compensation levels rose approximately 7% last year despite mounting industry challenges.

The new data will allow retail investors to better compare active and passive funds.

The money manager is also offering pension and 401(k) plans that exclude firearms from employee retirement programs.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.