Morgan Stanley

The move is the fourth major recruiting announcement for the firm this month.

The wirehouse failed to properly supervise more than $33 billion worth of UIT transactions, according to FINRA.

Managers in the space have been raising cash at their fastest pace since 2013.

The market is estimated to be worth over $8 trillion in the U.S. alone.

The advisors join the regional BD’s offices in Chicago and Nashville, Tennessee.

Even though MiFID II doesn't go into effect until Jan. 3, executives have complained they still lack clarity about its rules.

One of the new hires cited the regional firm's financial planning expertise as a reason he made the move.

The defendants profited more than $3 million by trading before and after mergers and acquisitions were announced, according to U.S. prosecutors.

Regional brokerages and firms that assist breakaway advisors have been picking off top talent at the wirehouses.

Aaron Parthemer misrepresented investments to his pro athlete clients, the regulator claims.