In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Gary Gross, an Orthodox Jewish broker who allegedly preyed on elderly members of his own Florida congregation, has been charged with fraud by the SEC for, among other things, selling his clients unsuitable investments.
Sallie Krawcheck, CEO of Citi’s global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. Her departure was announced internally to Citi employees this morning. A spokesperson for...
Morgan Stanley has held talks to sell up to a 49-percent stake to China’s sovereign wealth fund, China Investment Corp., which already owns a 9.9-percent stake in the firm, the Financial Times reported Thursday.
Morgan Stanley, one of the last remaining stand-alone Wall Street titans, is considering merging with Wachovia Securities, according to the New York Times and CNBC.
Morgan Stanley, perhaps in an effort to quell investor fears that it was on similarly shaky ground as Lehman Brothers, pre-announced its third-quarter earnings yesterday, surprising analysts with census beating results.
At a press conference early Monday morning, John Thain, chief executive of Merrill Lynch & Co., insisted that the firm’s employees supported being taken over by Bank of America of Charlotte, N.C.
