UBS Execs: Less Advisor Turnover, Lower Comp Costs Ahead
The bank also reports a turnaround in profits, despite hefty legal and other charges.
Morgan’s Gorman: Advisor Turnover to Keep Slowing
The post-2008 mayhem that led many brokers to switch firms is over, Morgan CEO said, as the firm reported an 80% profit jump.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2013
Several large firms are turning around their operations, but others still face performance issues.
Morgan Stanley Beats Estimates as Advisors Improve Results
The flow of advisors’ fee-based assets continue to increase at $15 billion in Q1.
Morgan Stanley Adds 9 Merrill, Wells & JPMorgan Advisors
In addition, the wirehouse says it has picked up 10 UBS reps in past 5 weeks.
Morgan Stanley Grabs 4 From Merrill, Wells
The new advisors come on board in the Midwest with about $3.7 million in yearly fees and commissions.
Top Posts at Broker-Dealers See Big Changes
LPL, Morgan Stanley and Raymond James all announced big moves recently.
Morgan Stanley CFO Passes on Treasury Post: Reports
Ruth Porat did not want to go through what Jack Lew did in the confirmation process, sources say.
Morgan Stanley Grabs Merrill IT Exec
Chris Randazzo leaves BofA to support Gorman and team's $500 million technology push.
New Hire Roundup: Former COO Nides Returns to Morgan Stanley
This week in new hires, Tom Nides rejoined Morgan Stanley, Rob Brown went to United Capital and Vanguard announced several investment management changes.