Morgan Stanley

The two advisors will name the team’s practice after their shared experience working for the military.

On the wealth management side, Morgan Stanley posted $4.41 billion of revenue, which was 2% higher than last year and blew away analysts’ estimates for a 9% decline.

James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.

Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.

The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.

A better technology strategy may help firms improve walletshare, a new report says.

The regional BD continues its accelerated expansion with the addition of three ex-wirehouse teams, including a father-son duo.

Recent lawsuits highlight the unpredictable nature of litigation in a post-Broker Protocol world.

"You should buy into IPOs to hold them, because you believe in the company," James Gorman said.

Across Wall Street, questions are flying about how the wirehouse has handled the biggest U.S. IPO of the past five years.

The RIA is the largest firm to depart the protocol in more than a year and a half.

The ride-hailing platform’s IPO may test how wealthy clients react if they don’t fare so well.

The mutual funds and ETFs that ranked at the bottom of the sector still benefited from a “long-running bull market,” an expert says.

The 11-person team, which was assisted by Dynasty Financial Partners, was attracted by the raft of technology options in the independent space.

Is there a lesson for other advisors considering a career change?

Shelley O’Connor, who co-led the unit with Andy Saperstein, will now oversee two bank entities.

The company’s acquisition will allow it to target prospective clients who are still in the wealth creation phase of life, says CEO James Gorman.

He helped navigate the firm through the financial crisis and was once seen as a potential successor to CEO James Gorman

Morgan Stanley was dragged into the family spat as father and children fought a tug-of-war over two accounts held at the firm.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.