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.
Morgan Stanley Gives Advisors Gender-Diversity Toolkit
The effort aims to equip FAs with more ways of serving clients interested in improving women's leadership and economic impact.
Recruiting Roundup: Raymond James Nabs Two Morgan Stanley Teams
Two hybrid RIAs announce merger plans, as US Trust, Merrill, Ameriprise and other firms share their latest recruiting news.
$550M Merrill Team Goes Indie With Dynasty in Florida
Also, Raymond James and Wells Fargo add several Morgan Stanley reps; Pavilion Financial to buy Jeffrey Slocum & Associates.
$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.