Financial institutions

Morgan Stanley's move to push more cases to an arbitration system of its choosing tilts the playing field against advisors and curtails their rights, opponents say.

The Canadian-owned firm won't rule out a potential acquisition of a digital advice provider. "Everything you can imagine is on the table and actively being explored," John Taft, head of the firm's U.S. brokerage operations, tells On Wall Street exclusively.

A longtime wirehouse advisor with $48 million in AUM has joined regional broker-dealer Wunderlich.

A retired couple alleges their advisor lost millions through negligence and misrepresentation of certain securities, but the firm says that the clients were sophisticated self-directed investors.

The group of 5 advisors will be opening a new office for the regional broker.

The team made the move in part to be able to grow in new directions, says senior financial advisor Tommy Boyd.

The team left the wirehouse to form their own independent firm, representing one of the largest groups that Dynasty has helped go independent.

An arbitrator ruled against a former wirehouse advisor who declined to attend hearings or have a lawyer represent him against Morgan Stanley.

The recruit and an already independent advisor opened their own wealth management practice on the independent side of Wells Fargo.

UBS' latest hires managed approximately $1.3 billion in client assets while at Merrill.

United Capital plans for a white label version of its financial life management platform and the firm will be announcing an acquisition of a robo solution in the fourth quarter.

The new recruit had generated $2.7 million in production before switching wirehouses. A second advisor from UBS who had $1.9 million also went to Morgan.

The former wirehouse advisors joined Raymond James' traditional employee broker-dealer.

The wirehouse lured away seven advisors from Morgan Stanley.

Three wirehouse veterans joined the super regional's employee channel.

The wirehouse's latest hire also had previously worked two decades at Morgan Stanley, On Wall Street reports exclusively.

The recruit comes from BB&T Scott & Stringfellow, and was previously at Morgan Stanley, according to this On Wall Street exclusive report.

The accused broker worked at Oppenheimer & Co. when the scheme began in 2009.

Two advisors who oversaw more than $220 million in client assets have switched wirehouses.

The former wirehouse advisor declined to participate in the arbitration case filed against her by the firm.