Morgan Stanley Wealth Management

The wirehouse failed to properly supervise more than $33 billion worth of UIT transactions, according to FINRA.

The husband-and-wife team say their new employer reminded them of their first firm, Smith Barney.

The regional firm's new hires joined from FSC Securities, Morgan Stanley and Wells Fargo.

The advisors join the regional BD’s offices in Chicago and Nashville, Tennessee.

Regional brokerages and firms that assist breakaway advisors have been picking off top talent at the wirehouses.

Phil Shaffer says changes in the business necessitated a career change if he was to maintain an edge in serving clients.

Two of the groups joined the regional firm from Morgan Stanley.

They made the move in part because of the marketing and research resources the firm offers, says new hire Todd Kissel.

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.