Morgan Stanley

The leaders Bowersock Capital Partners were academia-bound before discovering wealth management was their true calling.

They join a growing St. Louis branch that RBC opened in 2018.

Marylin Booker accuses the company of failing to support Black advisors and criticizes its use of mandatory arbitration to settle employee disputes.

While small deals are likely, CEO James Gorman said he’d be reluctant to take on a large-scale acquisition

Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.

The newly independent advisor oversaw $92 million in client assets.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

The firm's offerings will include a discount self-directed investing service, a team-based “virtual” advisory business and full-service financial advisors.

The alternative investing platform will service a total of $55 billion in client assets across 650 funds once the deal for its rival fintech closes.

The firm recruited only slightly fewer advisors than the year-ago period in very difficult economic conditions.