RIAs

A former Morgan Stanley advisor team that managed $600 million in assets has left the wirehouse to join forces with HighTower.

Former wirehouse complex manager Tony Sirianni launches Sirianni Strategy Group, a consulting and marketing firm, to help independent firms attract wirehouse advisors.

Douglas Cowgill, the firm's president and chief compliance officer, attempted to disguise the shortfall from SEC examiners by entering a fake trade in the firm's account records, according to the SEC complaint.

Ex-commanders take new jobs as load-pushing 'advisors.' No wonder service members get victimized.

Among many troops who take their own lives, financial stress is a major contributing factor.

'The single most important driver of value by far is growth,' says Dan Seivert, CEO of Echelon Partners.

Merrill Lynch has scooped up two advisors with $3 billion in assets under management from rival wirehouse giants UBS and Deutsche Bank.

The value of advisory firms is now being driven by growth, cash flow and risks, says investment banker and consultant David DeVoe.

The Cypress Group, a former Morgan Stanley team that managed about $740 million in assets, has left the wirehouse to join Integrated Wealth Management.

With nearly $400 million in assets, the trio will bring their new firm's assets to roughly $1.3 billion.