Wells Fargo Indie Group Adds 2 Ex-Morgan Stanley Advisors
The team, which has about $190 million in assets, was with LPL Financial before working for the wirehouse.
Financial Stocks Under Pressure
Some broker-dealers and related shares fell more than the market on Monday in volatile trading.
Morgan Stanley Tightens Its Overseas Client Service
The wirehouse says 400 U.S.-based reps will be allowed to serve international clients with at least $500,000 in assets.
Citi Overlooked a Few Thousand Illegal Trades
A major job of banking compliance is to keep separate a bank's trading and relationship functions. Citigroup Global Markets sometimes messed up that separation.
Recruiting Roundup: UBS Picks Up Morgan Stanley Reps
Meanwhile, LPL, Ameriprise and Wells Fargo reveal their latest recruiting coups.
LPL Grabs Wells Fargo Advisors’ Tech Chief
Anthony Perkins is tapped to be the IBD's head of technology product development.
Morningstar to Launch ESG Scores for Mutual Funds & ETFs
For the first time, investors will be able to use ESG factors to compare global funds across categories, relative to benchmarks, and over time.
New Hire Roundup: Franklin Templeton Adds Macey to Retirement Solutions Team
Meanwhile, UBS welcomes a team of advisors from Morgan Stanley Wealth Management.
Google Creates New Company Called Alphabet, Restructures Stock
Ruth Porat, ex-CFO of Morgan Stanley, is set to be CFO of both the new and old firms
New Hire Roundup: Merrill Adds Teams From Barclays, Morgan Stanley
Meanwhile, global independent fund administrator Trident Fund Services appointed Thalius Hecksher to the newly created position of global director.