Ameriprise Adds 10 Reps as Raymond James Brings in $780M Advisors: Recruiting Roundup
Both firms attract financial advisors from Wells Fargo and other wirehouses.
Morgan Stanley Shuns Aging U.S. Bull Market for Japan in 2017
Strategist upgrades Japan stocks and downgrades U.S. equities; one of the year’s worst performers becomes a favorite.
12 Best & Worst Broker-Dealers: Q3 Earnings, 2016
After two weak quarters, the financial sector begins to see better results.
Morgan Stanley Keeps Commission Retirement Accounts, Despite DOL Rule
The news comes one week after CEO James Gorman discussed the importance of giving clients choice.
Morgan Stanley’s Gorman on DOL: Choice for Clients ‘Is Critical’
Executives also say that the impact of this strategy has been included into margin targets for wealth management of 23-25%.
Morgan Stanley Profits Surge, Top Estimates: Q3 Earnings
The wealth unit says its net income increased 11% year over year, while its pre-tax profit margin was 23%.
Galvin Rips Morgan Stanley for Fostering ‘Dishonest Conduct’ With Sales Contests
William Galvin of Massachusetts said Morgan’s sales contests tied to securities-based loans encouraged “dishonest and unethical conduct.”
Morgan Stanley, Goldman Split on Where Treasuries Will End 2016
As Morgan Stanley calls for U.S. bond rally in Q4, Goldman joins Gundlach in view that U.S. 10-year yields should rise to 2%.
Recruiting Roundup: Wells Fargo, Merrill Nab Morgan Stanley Reps
Meanwhile Deutsche Bank Wealth Management and MV Financial share news on their latest hires.
Wells Fargo Indie Channel Picks Up 6 Reps From Rivals
The advisors move to the firm with over $500 million in client assets from UBS, Bank of America and other broker-dealers.