Morgan Stanley Wealth Management

The firm just announced its biggest acquisition in a decade.

It’s been death by a thousand cuts as a steady stream of top talent strikes out on their own.

“We are looking to grow a firm of high quality financial advisors who are looking to make a real difference in people’s lives,” the firm cofounder says.

Market volatility spurred clients into cash during the fourth quarter.

Of the promotions, 14 were in the wirehouse's wealth management arm.

The clients say their advisor improperly invested their funds in a Miami Beach nightclub that failed.