Morgan Stanley

Constantinos Maniatis exercised discretion in seven customer accounts despite the firm no longer allowing discretionary trading, the regulator said.

Axos Financial, which has $14.4 billion across business lines, will gain $23 billion in new assets from 200 RIAs.

Financial Planning continues its four-part analysis of core compensation components at wirehouse, regional and national BDs.

Despite record growth in wealth management, an otherwise rosy earnings report was marred by $911 million loss related to Archegos Capital.

The largest brokerages typically make comp changes that are ‘evolutionary, rather than revolutionary.’

The long-simmering dispute spotlights the sometimes fraught nature of advisor career moves.

“When I left, I told Morgan Stanley [Ron] was the best person I've ever worked for in my career,” says advisor Jason Fertitta, who is hiring his old boss.

The bank joined dozens of other companies in announcing that they would suspend and review their political donations following the Capitol riot.

Self-directed investors have opened more new accounts at the firm in 2021 than in the third and fourth quarters combined.

The wirehouse picked up a 43-year veteran from its rival.