Corporate finance

The Advice & Wealth Management segment added 72 experienced advisors who affiliated in the second quarter.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

The firm isn’t “the high bidder,” and that’s just fine, according to Paul Reilly.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

Investors wary of an intensifying trade war have piled into the firm's bond products, boosting net flows to $151 billion, according to the company.

On the wealth management side, Morgan Stanley posted $4.41 billion of revenue, which was 2% higher than last year and blew away analysts’ estimates for a 9% decline.

While some firms have been successful at leveraging technology to scale sales and marketing processes, others have failed.

James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.

A search for returns in less liquid assets may blur the transparency of real portfolio value.