Morgan Stanley

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.

It’s one of several ways that the firm is working to keep growth plans on track.

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.

James Gorman is the first known case of a wirehouse executive contracting the virus.

They're following other firms that are delaying, shortening or going virtual as efforts to slow the crisis leave employees working from home.

The Justice Department’s antitrust division has signed off on the takeover without requiring any changes, according to a person familiar with the matter.

The problem was from a bug related to an external software provider.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

The wirehouse aims to bolster its advisory business by gaining a dominant foothold in the stock plan administration software industry.

The custodian’s Liberty platform and “intimate” service are now likely to rest in the hands of a wirehouse.

Fostering a culture that attracts and advances women in the STEM fields is one more way that E-Trade has been a pioneer in the industry.

Many of the largest banks are wielding highly valued stock at a time that Silicon Valley innovators are looking to wrest away business. Mergers and acquisitions are one way for banks to both scale up and adapt.

Morgan Stanley’s merger a quarter century ago with a brokerage that had branches in Sears was met with sneers. Now, the firm is taking another stab at luring mom-and-pop investors.

Long associated with catering to the wealthiest clients, Morgan is also astute enough to see which way the winds are blowing for the industry.