Wealth Management industry news covering the financial markets, trends and wealth professionals.
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A $450 million class-action lawsuit filed in New York against Morgan Stanley on Friday could have major implications for brokerages’ pay practices in the state. Filed by a former Morgan Stanley broker, the lawsuit claims the firm failed to...
Merrill Lynch and AXA Financial, part of French insurance giant AXA, announced today that Merrill would buy The Advest Group, AXA’s full-service retail brokerage arm.
As expected, Morgan Stanley board members from the Philip Purcell era continue to decamp, with two more directors out. Charles Knight and John Jacob, both of whom were on the board’s compensation committee, resigned Friday. Knight was...
When are mutual fund companies charging too much in advisory fees? What constitutes proper disclosure of, say, revenue sharing? And which governmental authority has jurisdiction over these issues?
The changing of the guard at Morgan Stanley continues as leadership loyal to departed CEO Philip Purcell heads for the exits. The company announced Tuesday that director Michael Miles had resigned his post, and analysts say more directors are...
It has long been the case that the heaviest hitters rely mostly on high-net-worth retail clients for their outsized success. But now many advisors are finding what they seek one more link up the food chain in the lower reaches of the institutional...
Location City: Houston, Austin, San Antonio, McAllen Location State: TX Base Salary: 100,000 Bonus & Incentives: Signing bonus of 20% of trailing 12 but in the form of a forgivable loan. Monthly draw based on commission Position Responsibilities...
Morgan Stanley is in for what could be a $10 million fine from the SEC for failing to retain emails, according to a report by the Wall Street Journal Online.
Location State: Lower Midwest Base Salary: $80,000 - $90,000 Bonus & Incentives: Uncapped incentive! Position Responsibilities: Baby Boomers need you! They need you to lead them to financial peace of mind. Join our client who is positioned to help...
Location City: St. Louis Location State: MO Base Salary: 75,000 - 85,000 DOE Bonus & Incentives: Competitive, uncapped incentive plan. Position Responsibilities: Expanding, leading, financial institution seeks someone to assist them in expanding...
