Morgan Stanley

Renewed recruiting efforts and pumped-up tech are boosting headcount and fee-based assets.

The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.

Days after completing the purchase of E-Trade, CEO James Gorman’s second major transaction of the year aims to bulk up the firm’s asset management arm.

“Everyone is looking ahead to the elections and what tax policy could look like in various administrations," says Ben Huneke, head of investment solutions in the firm's wealth management division.

The slate of new hires come from several competitors including Wells Fargo and Edward Jones.

The team caters to athletes, entertainers, and entrepreneurs.

Current and former clients claim personal information, including Social Security and passport numbers, have been exposed due to negligence.

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.

The Minnesota-based Falldin-Mattson Group was previously at Morgan Stanley.

To thwart a multifactor verification system, he once used a victim’s home phone to authorize transactions.

Non-disclosure agreements and mandatory arbitration are part of what critics call a machine of silence that shields bad behavior from becoming public.

The group had been at their previous firm for 14 years.

Wealth management profits fell, but a steep rise in transactional business offset some of the decline.

Fixed-income trading revenue almost tripled, driving a 73% jump in total trading that surged past expectations.

Advisor Antoine Souma, who leads the group, had been with the wirehouse for just four years.

One recruit left an IBD to join the wirehouse.

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