$2.2B Morgan Stanley Group Leaves to Form RIA
The Wichita, Kansas, firm will serve about 900 families in Kansas and work with Pershing Advisor Solutions.
Recruiting Roundup: Pensionmark Draws $1B Group to Network
Other advisor teams and registered reps move to affiliate with NPC, Securities America and Capital One.
Wells Fargo Advisors Adds $700M JPMorgan Duo in Tulsa
The bank's retail brokerage also says it has recruited a $100 million Morgan Stanley rep in Southern California.
RBC Nabs Billion-Dollar Morgan Stanley Group in Texas
The news comes one week after RBC recruited an advisor in Houston from Wells Fargo.
Morgan Stanley Group Breaks Away to Partner With Rival
Six veteran reps left the wirehouse to own their practice and affiliate with Wells Fargo FiNet.
Recruiting Roundup: Dynasty Nabs Wirehouse Exec to Head Investments
In other news, Wells Fargo recruits an advisor from a rival firm, but loses one to boutique group.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2016
Like in Q1, profits for financial firms generally moved in the same direction, with one exception.
Morgan Stanley Reaches $4.7M Settlement With State of Mississippi
Investors at its Ridgeland branch, where client risk tolerance data was entered incorrectly, will get $4.2 million.
Morgan Stanley Targeted by ValueAct as Core, Active Stake
Activist Jeff Ubben’s ValueAct Capital Management, attracted by the investment bank’s post-crisis shift toward fee-based businesses, has disclosed a new 2% stake.
Ex-Stifel Broker Loses FINRA Case Over Unauthorized Farm Loan
The broker must pay his former BD after he borrowed money from a client to buy farmland without proper approval.