Top Portfolio Products: Direxion, SSGA & Van Eck Add ETFs
Morgan Stanley launches a green bond, while Franklin Templeton introduces a new target date fund.
LPL Adds Teams From Morgan Stanley, Lincoln; Merrill Grabs Ex-UBS Duo
The indie broker-dealer should bring in about $600 million in new assets and the wirehouse about $300 million.
Raymond James Lands Its Biggest Recruit Ever, From Morgan Stanley
The Americas Group, based in South Florida, manages some $2.4 billion for retail and institutional clients.
Morgan Stanley’s Gorman Defends 25% Pay Raise
The CEO’s $22.5 million salary in 2014 does not put him among the top 10 highest paid in the U.S.
Baird Adds Branch Manager From UBS, Advisor From Morgan Stanley
The employee-owned wealth firm added advisors in Maine and Ohio.
Merrill, Securities America & Commonwealth Add Reps From Rivals
Meanwhile, Focus Financial shares news about its recent executive recruiting.
Wells Fargo Adds Morgan Stanley Reps; LPL Picks Up Team From JPMorgan
Also, an LPL affiliate forms an RIA partnership to attract new reps to its network.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2015
Here’s how some of the biggest firms’ earnings compared over the first quarter.
Morgan Stanley Fined $2 Million Over Short-Sale Reporting
Billions of shares in positions weren't fully disclosed over a six-year period, according to FINRA.
FINRA Arb Panel Grants $500K to Ex-Morgan Stanley Rep
The advisor, now with FiNet, said the firm had pushed him out and tainted his reputation.