Morgan Stanley

The two firms are among the many wealth managers now being sued over allegations that they failed to obtain fair returns for their clients on their uninvested cash.

Gorman is stepping down as the bank's chairman at the end of the year. Here's a look at how he rebuilt Morgan Stanley with a focus on wealth management.

James Gorman will help lead the search for a new Disney CEO to be appointed in 2026.

The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking.

Within days of a colleague's retirement and having been introduced as their new advisor, Corbin Hoffner left for Raymond James.

A lawyer suing Wells and other firms argues the recent rate changes do nothing to repair harm already suffered by his clients.

Massachusetts regulators accused the wirehouse of not conducting proper oversight of stock sales made a First Republic executive shortly before the bank collapsed last year.

Researchers wonder if similar regulatory attention could eventually hit the bottom lines of independent broker-dealers and RIAs.

The soliciations can be made only to clients who have a net worth of at least $1.5 million, high risk tolerance and the intention to invest in speculative assets.

The hires add credibility to the wirehouse's renewed commitment to recruiting.