The choice surprised analysts, investors and even insiders because of his limited experience in wealth management and investment banking.

The all-stock takeover adds E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion, in the biggest acquisition by a Wall Street firm since the financial crisis.

Robertson Stephens, a family-office and HNW advisory, steps into the Bay Area with $150 million team.

Motive Partners and Fiserv's Investment Services business is now called Tegra118, referencing the 118 chemical elements found on Earth.

Several endowments reported that their total returns actually increased after incorporating sustainable investing strategies into their approach, according to a new report from the Intentional Endowments Network.

Meanwhile, Dr. Carolyn McClanahan sold the last shares of the "aging planning" software firm she helped found.