Morgan Stanley

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.

The Wall Street giant's Morgan Stanley at Work and private wealth units team up to serve top company officials — and possibly gain access to trillions in workplace wealth.

The Wall Street powerhouse is now the subject of two class action suits questioning whether it has been providing unreasonably low returns on clients' uninvested cash.

The arbitration award comes amid the industry's aggressive push to make sure departing wealth managers pay back money owed on recruiting loans.

Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.

The latest legal challenge to the firm's "cash sweeps" policies argues advisors violated their fiduciary duties by not procuring higher yields for clients.

An industry recruiter notes that many wealth managers who switch firms receive money from their new employer to cover forfeited deferred compensation.

New CEO Ted Pick sees little need to change the "wealth management machine" his predecessor helped bring to "escape velocity."

The likely more than $1 million award is the latest result from cases arguing that firms' pay policies run afoul of federal retirement law.

Firms like Morningstar and Morgan Stanley that recently rebooted their chatbots with AI models are finding it's transforming how clients and advisors engage chatbots. Is the industry missing an opportunity for growth with their chatbots?

Firms' aggressive pursuit of repayment of recruiting loans is likely a reflection of how massive some recruiting deals have become in recent years.

James Gorman will step down as Morgan Stanley chair at year end, concluding an era in which the firm nearly failed before evolving into a wealth management leader.

Arbitration panels and courts have already shown openness to arguments that deferred compensation is protected under federal retirement law.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.