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.

A months-long court fight ended when a judge granted the wirehouse’s request to restrict the advisors’ ability to contact clients.

The regulator accuses her of misconduct; she says the agency is doing Morgan Stanley’s bidding.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

The advisors joined the firm’s employee and independent broker-dealer units.

The new hires came at the expense of Merrill Lynch, Morgan Stanley, UBS and Hilliard Lyons.

The firm's new private investment fund will source deals using its own investment bankers and wealth managers.

James Polese and another advisor used the funds to pay bills and cover kids’ college tuition, according to the Department of Justice.

The brokerage’s fintech investments are intended to produce greater efficiency, attract new assets and bolster the bottom line, executives say.

As threats increase, the need for the wealth management business to safeguard clients, portfolios and industry has never been greater.

The broker is part of a wave of new hires at the regional brokerage firm.