SIFMA Dodd-Frank Forum: Execs Surmise Outcome of Fiduciary Rule
July 21 not only marks the one-year anniversary of the passage of the Dodd-Frank Act, but it’s also the date when the SEC will turn its attention to creating a fiduciary duty rule for brokers.
Gorman Makes More Changes to Morgan Stanley Management
Greg Fleming is made head of wealth management; Charlie Johnston will retire at the end of the year.
SIFMA Panel Discusses Fiduciary Duty for Brokers
Emotions were running high at the final breakout session of the day at the SIFMA Regulatory Reform Summit in New York.
Morgan Stanley's Branch Plans: Consolidation to 750 Offices in U.S.
In the latest quarter (ended March 30, 2010), MSSB had 18,140 financial advisors, down a tad from 18,135 in the fourth quarter of 2009 and 18,444 in the second quarter of 2009.
Morgan Stanley Smith Barney: New ETF Policy, 2Q'09 Results
Morgan Stanley Smith Barney says it is placing certain restrictions on the sale of leveraged, inverse and leveraged-inverse exchange-traded funds (or ETFs) in response to...
Morgan Stanley Posts Q2'09 Loss, SB Venture Boosts Wealth Sales
The 18,444 Morgan Stanley Smith Barney advisors had average annualized revenue of $671,000 and average client assets of $77 million in the quarter ended June 30, 2009.
Morgan Stanley Smith Barney: Venture Completes Its First Steps
Morgan Stanley and Citi say they have finished the initial work on their Morgan Stanley Smith Barney joint venture, which had been targeted to close...
Morgan Stanley, Smith Barney to Combine
Morgan Stanley, Smith Barney to Combine, Joint Venture Should Have 20,000-Plus FAs The former Morgan Stanley Dean Witter is set to become Morgan Stanley Smith Barney,...
Morgan Stanley-Smith Barney Outline Venture
The former Morgan Stanley Stanley Dean Witter is set to become Morgan Stanley Smith Barney, as Citi have announced a deal to combine Morgan Stanley's global wealth management group and Citi's Smith...
Smith Barney's Goal: Doubling FA Productivity in 5 Years
Charles Johnston, president and CEO of global private client for Smith Barney, lays out his thoughts on sales growth, new compensation plans and more. (The...