Morgan Stanley Wealth Management

One of the biggest notable losses came from Merrill Lynch, which lost a team managing $1 billion to the independent space.

David Olson, an advisor of nearly 30 years, worked at Morgan Stanley until his termination in 2016.

The broker belonged to Morgan Stanley's Chairman's Club, a group reserved for the elite among the firm's advisor ranks.

Pinnacle Investments tapped Ami Forte despite her ongoing legal struggles with her former firm and Home Shopping Network founder Roy Speer’s estate.

After both firms exited the Broker Protocol, their attempts to browbeat advisors have largely failed, one recruiter argues.

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

“Serving the investment needs and opportunities unique to clients who reside outside of the U.S. has become increasingly complex,” the firm said.

The barred advisor and his brother defrauded a widow as part of a real estate investment scheme, according to federal prosecutors.

In the latest clash after Morgan Stanley's exit from the Broker Protocol, the firm notched a win as the case heads to FINRA arbitration.

Reforms obtained by settlements of past class-action suits have "utterly failed," the new lawsuit contends.