Wirehouse advisors

With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.

How the big firms compare with each other in their advisor headcounts, assets under management and other attributes.

The firm's wealth and investment unit contributed more than half of the Wall Street giant's profits and revenues for 2023.

The firm's wealth management co-head said that recent changes to its pay grid have been favorably received.

The gains in assets under management come as the banking giant continues to add to its advisor headcount.

Millions of dollars are at stake for dozens of former employees — but the case also raises questions about the federal law governing retirement plans.

In wide-ranging interview, CEO James Gorman warns that proposed banking rules would drive up interest rates for first-time homebuyers.

Finance gurus see the coming 12 months as a time to dilute concentrations in cash and large firms' stock and consider emerging markets and small caps.

As it seeks to bolster its U.S. presence, the Canadian bank's wealth management subsidiary has been one of the most active recruiters in the industry in recent years.

Two frontrunners have emerged as possible successors to the long-serving CEO, but even more potential candidates wait in the wings.

Recruiters see the banking giant's offering as central to its bid to retain top teams and prevent them from going independent.

Bans on working at brokerage firms don't lead to prohibitions on acting as an RIA as often as one might think.

The change comes over massive overhaul as the mega bank seeks to build divison under Sieg.

Organizational changes come amid the firm's growing wealth management ambitions.

The restructuring is further evidence of the megabank's commitment to adding to its stable of branch-based advisors.

Some think lending to businesses outside the banking system can reap outsize rewards for advisors who are willing to do their homework.

Higher earnings potential but short careers for top-class athletes continue to warrant special attention from planners.

Brian McDonald, head of Morgan Stanley at Work, spoke with Financial Planning about how the firm aims to extend its roots in Silicon Valley and build on equity compensation offerings.

The departure follows on the arrival of Andy Sieg and comes amid a global overhaul at the wirehouse.

Kenneth A. Welsh stands accused of taking money out of his clients' brokerage accounts to buy gold and other precious metals and pay down credit card debt.