Recruiting Roundup: RBC Wealth Adds 2 Teams From Rivals
Meanwhile, Cetera, Deutsche Bank and Snowden Lane say they have picked up new advisors as well.
Morgan Stanley Profits Drop 14%: Q2 Earnings
The wealth group had pretax earnings of $859 million, down 3% from a year ago.
Recruiting Roundup: Dynasty Adds Group From Lebenthal
Meanwhile, several wirehouse reps help form a new RIA in Cleveland; Betterment adds a CFO and hits $5 billion in AUM.
Recruiting Roundup: Ex-Morgan Stanley MD Joins Brinker Capital
Meanwhile, New York Life names Afshar, formerly with Best Buy, to an executive post; IMCA names its new marketing chief.
Morgan Stanley Expanding Philanthropy Efforts for Clients
The wirehouse says it dives deep with private clients who want to make a difference, as it did at recent event.
Morgan Stanley Must Resubmit Capital Plan for Fed Stress Test
Bank gets conditional approval as 30 other firms pass exam; Deutsche Bank, Santander units fail on "broad" weaknesses.
SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller Firms
Large broker-dealers favored compliance over fighting DOL; Wells Fargo, Morgan Stanley said to have opposed court battle.
Brexit Sends Banks, BDs Reeling
Analysts say that the British vote will hurt the earnings of big banks and BDs, but one contrarian says it's time to buy the sector.
Morgan Stanley Expands Nonresident Wealth Business
It adds two executives from Credit Suisse to boost these operations, which have some 400 reps and $90 billion in assets.
What the Case of a Broker Who Had an Affair With a Billionaire Client Means for Advisors
A contentious debacle involving ex-Morgan Stanley advisor Ami Forte and her billionaire client, Roy Speer, evokes concerns about elder exploitation and gender discrimination.