Wirehouse http://wealthmanagement.com/taxonomy/term/39431/more en Morgan Stanley Wealth Management Executive Raj Dhanda to Leave http://wealthmanagement.com/wirehouse/morgan-stanley-wealth-management-executive-raj-dhanda-leave <div class="node-body article-body">Morgan Stanley's Raj Dhanda, head of investment products and services in the wealth management business, is leaving the Wall Street bank after 26 years.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-wealth-management-executive-raj-dhanda-leave" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-wealth-management-executive-raj-dhanda-leave#comments People Wirehouse Wed, 10 Feb 2016 20:56:00 +0000 1104891 at http://wealthmanagement.com Copyright Mario Tama, Getty Images Morgan Stanley's New President Cements Role as Enforcer-in-Chief http://wealthmanagement.com/people/morgan-stanleys-new-president-cements-role-enforcer-chief <div class="field-byline"> Olivia Oran </div> <div class="node-body article-body">Colm Kelleher is a stickler for discipline, even when it comes to the office dress code.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/morgan-stanleys-new-president-cements-role-enforcer-chief" target="_blank">read more</a></p> http://wealthmanagement.com/people/morgan-stanleys-new-president-cements-role-enforcer-chief#comments People Wirehouse Fri, 05 Feb 2016 14:50:00 +0000 1098971 at http://wealthmanagement.com <p>Colm Kelleher was named president of Morgan Stanley, the No. 2 spot in the company, last month.</p> Morgan Stanley Shuffles Fixed Income Leadership: Memo http://wealthmanagement.com/people/morgan-stanley-shuffles-fixed-income-leadership-memo <div class="field-byline"> Olivia Oran </div> <div class="node-body article-body">Morgan Stanley has made a number of management changes within its fixed income division after promoting Sam Kellie-Smith to run the division in January.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/morgan-stanley-shuffles-fixed-income-leadership-memo" target="_blank">read more</a></p> http://wealthmanagement.com/people/morgan-stanley-shuffles-fixed-income-leadership-memo#comments People Fixed Income Wirehouse Thu, 04 Feb 2016 13:21:00 +0000 1098141 at http://wealthmanagement.com Copyright Stephen Chernin, Getty Images UBS Wealth Profits in U.S. Sink 94 Percent http://wealthmanagement.com/wirehouse/ubs-wealth-profits-us-sink-94-percent <div class="node-body article-body">UBS Wealth Management Americas’ fourth quarter pre-tax profit plummeted 94 percent from a year ago, due to market volatility and increased legal and regulatory costs. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/ubs-wealth-profits-us-sink-94-percent" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/ubs-wealth-profits-us-sink-94-percent#comments Wirehouse Tue, 02 Feb 2016 14:35:00 +0000 1096331 at http://wealthmanagement.com Morgan Stanley President Kelleher Says China 'Is Just Fine' http://wealthmanagement.com/wirehouse/morgan-stanley-president-kelleher-says-china-just-fine <div class="field-byline"> Padraic Halpin | Reuters </div> <div class="node-body article-body">China is "just fine" and the recent worries about its economy was just an excuse to sell the market off after a good run, Morgan Stanley President Colm Kelleher said on Wednesday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-president-kelleher-says-china-just-fine" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-president-kelleher-says-china-just-fine#comments Wirehouse Wed, 27 Jan 2016 11:25:00 +0000 1090981 at http://wealthmanagement.com Morgan Stanley CEO's Pay Falls 7 Percent in 2015 to $21 Million http://wealthmanagement.com/people/morgan-stanley-ceos-pay-falls-7-percent-2015-21-million <div class="field-byline"> Olivia Oran </div> <div class="node-body article-body">Morgan Stanley Chief Executive James Gorman's overall pay fell 7 percent in 2015 as the Wall Street bank saw its shares drop and profitability fail to meet targets.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/morgan-stanley-ceos-pay-falls-7-percent-2015-21-million" target="_blank">read more</a></p> http://wealthmanagement.com/people/morgan-stanley-ceos-pay-falls-7-percent-2015-21-million#comments People Wirehouse Mon, 25 Jan 2016 14:13:00 +0000 1087981 at http://wealthmanagement.com <p>James&nbsp;<span style="font-family: 'Lucida Grande', 'Lucida Sans Unicode', sans-serif; font-size: 12.8px; line-height: 20px; background-color: rgb(255, 255, 255);">Gorman will receive $21 million in total compensation, down from $22.5 million in the prior year.</span></p> Copyright Andrew Burton, Getty Images Raymond James Earnings Decline 17 Percent on Market Slump http://wealthmanagement.com/industry/raymond-james-earnings-decline-17-percent-market-slump <div class="node-body article-body">Raymond James' fiscal first quarter earnings fell 17 percent from a year ago, due to equity market declines, higher expenses and increased reserves for legal and regulatory matters. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/industry/raymond-james-earnings-decline-17-percent-market-slump" target="_blank">read more</a></p> http://wealthmanagement.com/industry/raymond-james-earnings-decline-17-percent-market-slump#comments Industry Wirehouse Thu, 21 Jan 2016 14:50:00 +0000 1086341 at http://wealthmanagement.com Morgan Stanley Looks to Move Jobs to Cheaper Cities in Bid to Cut Costs http://wealthmanagement.com/wirehouse/morgan-stanley-looks-move-jobs-cheaper-cities-bid-cut-costs <div class="field-byline"> Olivia Oran </div> <div class="node-body article-body">Morgan Stanley will be straying ever further from its Wall Street roots in the coming months as it shifts more operations to lower cost cities like Mumbai and Budapest as it aims to slash costs.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-looks-move-jobs-cheaper-cities-bid-cut-costs" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-looks-move-jobs-cheaper-cities-bid-cut-costs#comments Wirehouse Wed, 20 Jan 2016 14:23:00 +0000 1079301 at http://wealthmanagement.com <p>The bank wants to&nbsp;<span style="font-size: 12.8px; line-height: 20px;">cut up to $1 billion by 2017 by using technology and outsourcing jobs now in its New York headquarters and other higher cost cities.</span></p> Copyright Stephen Chernin, Getty Images Morgan Stanley Withstands Market Headwinds to Post Profit Uptick http://wealthmanagement.com/wirehouse/morgan-stanley-withstands-market-headwinds-post-profit-uptick <div class="node-body article-body">Morgan Stanley’s wealth management unit saw a 4 percent uptick in profits for the fourth quarter, outperforming peers who struggled with the strong yearend market volatility.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-withstands-market-headwinds-post-profit-uptick" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-withstands-market-headwinds-post-profit-uptick#comments Wirehouse Tue, 19 Jan 2016 15:34:00 +0000 1078721 at http://wealthmanagement.com Copyright Mario Tama, Getty Images Bank of America's Wealth Unit Profits Take 13% Hit http://wealthmanagement.com/wirehouse/bank-americas-wealth-unit-profits-take-13-hit <div class="node-body article-body">Challenging market conditions drove down business in the fourth quarter for Bank of America’s wealth management business, with the firm reporting a nearly 13 percent dip in profits. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/bank-americas-wealth-unit-profits-take-13-hit" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/bank-americas-wealth-unit-profits-take-13-hit#comments Wirehouse Tue, 19 Jan 2016 14:31:00 +0000 1078701 at http://wealthmanagement.com