At a time when Wall Street is talking about tightening its belt, Morgan Stanley Smith Barney LLC and Bank of America Merrill Lynch are still showing a willingness to shell out big bucks for top-producing financial advisers
Europe will muddle through its financial crisis but is unlikely to craft an enduring solution to calm volatile investment markets.
Morgan Stanley is planning to lay off 2.6% of its workforce, but reps at MSSB are safe. An insider, however, says the brokerage 'won't entirely escape the belt-tightening.'
Love it or hate it, New York elicits strong opinions from just about everyone.
Raymond James COO Helck says the for-sale firm would be a 'great strategic fit,' but concedes there's some overlap between the two outfits. Still, Morgan Keegan's army of 1,200 advisers must look mighty tempting to RJ's management.
With thousands of aging financial advisers hoping to sell their practices over the next decade, a big consideration is how much tax the owners will have to pay if and when they sell their businesses.
United Capital Financial Advisers LLC's purchase of Peak Capital Investment Services LLC last week is a sign of the times
Private equity may be the last, best hope for Regions Financial Corp. in finding a buyer for Morgan Keegan & Co. Inc.
Client still has open positions with broke i-bank; swimming with the big fish
Morgan Stanley in the third quarter continued to cut the number of financial advisers in its joint venture retail brokerage, Morgan Stanley Smith Barney.
