A New Way to Bid for the 401(k)
The onerous requirements of soliciting retirement plan gigs with Morgan Stanley led Ariana Amplo to launch an eRFP matching plan sponsors with advisors.
LPL Adds $1.2B Team; Wells Fargo Recruits $1.4B Reps
Also, Washington Wealth brings in group from RBC with $830 million in assets, as Morgan Stanley's Graystone attracts Merrill institutional team.
Merrill Nabs $11M Team From UBS; Raymond James Recruits $1.8M Group From FiNet
Meanwhile, Morgan Stanley adds a $1.9 million institutional advisor from Merrill in Atlanta.
UBS Adds Morgan Stanley Advisor, but Loses Team to Boutique Firm
A group of Wells Fargo reps with about $220 million in assets departs to go independent with an LPL affiliate.
Morgan Stanley’s Hull Brothers Break Away to Launch Startup Via Dynasty
The Hull brothers created bluepoint in late June after leaving MSSB, where they had been institutional consulting directors with nearly $4 billion in assets at Graystone Consulting.
Morgan Stanley Grabs Three Teams, Loses 1 Advisor
Morgan Stanley Smith Barney adds two traditional advisor teams and an institutional-consulting group, as one of its advisors departs for Raymond James.
Merrill Renames, Expands Institutional Advisor Group
The rebranding and hiring could boost the group to 75 advisors by year-end, a Merrill Lynch executive says.
FINRA Fines Merrill $1 Million Over Ponzi Scheme
FINRA said Merrill Lynch failed to supervise a San Antonio advisor, who used a Merrill account to operate a Ponzi scheme.
Robert S. Scherer Managing Director-Investments; The Scherer Group at Graystone Consulting; Morgan Stanley Smith Barney; Washington, D.C. Fun Fact: Scherer joined E.F. Hutton in 1983. His office...
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...