What Morgan Stanley, Wells Fargo and Merrill Lynch Have in Common
For one thing, they are all examples of why investors need independent advisors.
2 Types of ‘Currency’ That Help Women Succeed
At FSI conference, Carla Harris of Morgan Stanley discusses how women can rise and says the push for diversity shouldn’t be just "a bull-market phenomenon."
Kitces to Advisors: Don’t Fear Robos
Technology, not robo-advisors per se, is transforming the advisory business, says industry blogger and wealth manager Michael Kitces.
HighTower Adds $1B Team in Florida: Recruiting Roundup
The group is moving from Wells Fargo Private Bank; meanwhile Focus Financial says a partner firm has wrapped up a deal.
Only 16% of Advisors Are Women: Cerulli
Cerulli makes the case that increasing women’s representation among advisors brings concrete business advantages.
Goldman, Citi Beat Estimates as Trading Buoys Wall Street
Banks follow JPMorgan, BofA, Morgan Stanley in bond rebound; Blankfein, Corbat continue push to reduce firmwide expenses.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
Morgan Stanley Q4 Profits Double, but Wealth Group Misses Target
CEO James Gorman says the firm's wealth management operations will produce better results this year.
Wells Fargo Benefits From Higher Rates, Plans Cost Reduction
The bank is targeting a $2 billion cut in annual expenses by end of 2018.
BofA Raises Forecast for Interest Income as Profit Climbs 43%
Net interest income is expected to increase by about $600 million in the first quarter.