Morgan Stanley

Mixing technology and old fashioned salesmanship, Voya expands

In addition to redesigning its business lines, the $48 billion firm is considering a robo, the president of its broker-dealer said.

By Andrew Shilling

Manager, Editorial Operations

August 8

Voya Financial Advisors President Tom Halloran says the firm is inclined to seek an acquisition in order to add a digital platform to its offerings.

Career moves

Advisors on the move: 37 of the biggest recent jumps

Raymond James grabbed five multi-million teams in a month. Other firms to see big transitions include Wells Fargo and Ameriprise.

By Sarah Martinson

Reporter

August 7

Wirehouse advisors

$7.4M adviser explains the keys to his success

Two factors drove Morgan Stanley's Nick Kavallieratos to the top of On Wall Street's 40 Under 40 list earlier this this year.

By Andrew Welsch

Former Managing Editor

August 4

Recruiting

$500M team joins Raymond James' Alex. Brown

They made the move in part because of the marketing and research resources the firm offers, says new hire Todd Kissel.

By Andrew Welsch

Former Managing Editor

August 2

Raymond James advisers Joshua Pasahow, Ida Ng, Todd Kissel, John Rivera

Recruiting

Morgan Stanley recruits $388M advisor in latest grab

The new hire comes after the wirehouse said it would cut back on recruiting.

By Andrew Welsch

Former Managing Editor

August 1

Emerging markets

Fed shock to emerging markets may be muted

Outlook for faster growth is supporting developing-nation bonds despite the increase in U.S. and European rates over the past year.

July 26

The market-implied probability that the Fed will raise rates by year-end is about 45%.

Wealth management

With record revenues, wealth managers take pride of place at biggest banks

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

July 20

Brian Moynihan, CEO of Bank of America during a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2017

Wirehouses

As AUM tops $2.2T, Morgan Stanley eyes digital future

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

By Andrew Welsch

Former Managing Editor

July 19

Wealth management

Inside Morgan Stanley's AI strategy

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.