Morgan Stanley confirmed its plans to cut back on its broker trainee program and, separately, cut underperforming brokers, probably about 10 percent of the force, a story that Registered Rep. broke on Tuesday.

The NASD took steps this week to make sure securities arbitration panels truly represent the public. The regulator proposed banning from serving as public arbitrators individuals who work for any firm with ownership ties to a broker/dealer, as...

Location City: Boston Location State: MA Base Salary: $125,000+ DOE Bonus & Incentives: Discretionary bonus. Typically averages 5% of base. Position Responsibilities: The primary responsibility of this position is the effective and efficient...

Location City: Winston Salem Location State: NC Base Salary: Strong Compensation Plan based on Fee Revenue Position Responsibilities: Top Tier Investment Firm seeks Client Advisors to work with Ultra High Net Worth individuals, Foundations and...

Location State: MN Base Salary: 72,000-87,000 Position Responsibilities: Develops new business relationships and enhances existing relationships with doctors, attorneys, etc.) and high net worth individuals. Produce loans for affluent consumer and...

Location State: OR Base Salary: 70,000 - 80,000 Bonus & Incentives: discretionary year end bonuses, incentive plan, gifted % salary into company esop Position Responsibilities: Management of Trust Department, overseeing 6-8 professionals, oversee...

Location City: Los Angeles, Other major California Cities Location State: CA Base Salary: 100K + D.O.E. Bonus & Incentives: Paid based on their book of business Position Responsibilities: Work with high net worth clients - above $1 mil net...

John Mack is moving quickly to get Morgan Stanley’s ailing retail brokerage in shape.

When Morgan Stanley announced late last week that John Schaefer, the head of Morgan’s struggling retail brokerage unit and an ally of former CEO Phil Purcell, was stepping down, Wall Street immediately began speculating about who will be...

The big financial services players have released their second-quarter earnings, and most private client divisions didn't do as badly as analysts were expecting -- thanks, in part, to an improving equity market. Results were also helped by the...