Morgan Stanley

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.

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

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.

If a farm machine run by one person replaced nine laborers, why wouldn’t that analogy apply to the business of investment advice and asset gathering?

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

Naureen Hassan says tools in development will make advisers "faster and smarter" in serving clients.

The online experience should reflect what it’s like to work with you.

His move is also something of a reunion, as Steward Partners CEO Jim Gold once served as his manager at Smith Barney.

The new hires generated almost $2 million in annual revenue, according to the regional firm.

The agency's staff has recommended filing an enforcement action against two Barclays bankers, according to records filed with FINRA.

You pick a fund for your client and it returns 20%. You're a genius – until you realize the benchmark returned 23%. Here are the top overachievers.

The group joined the regional broker-dealer from Morgan Stanley.

The regional firm continues to snatch multi-million dollar teams from the wirehouses.

The group says it wanted to offer clients greater transparency.

Experts say conditions are right for allocations to return to their peak in 2013, potentially unleashing $350 billion of new money.

The wirehouse said recently it plans to stop recruiting experienced advisers, but made an exception if talks with recruits started before June 1.

The cases stem from the investment advice given by a now barred broker, who is accused of soliciting funds for a Miami Beach nightclub he owned.

Money’s not leaving the markets, but rather moving in an “old fashioned” rotation that favors value stocks and small-caps at the expense of tech.

Though the wirehouse notched impressive wins, Merrill wasn't the only firm to land elite recruits recently.

The new hires joined Merrill from Morgan Stanley.