Group is the second this month to join the bank’s legacy Bear Stearns business from a Morgan Stanley branch in midtown Manhattan.
Broker with big “institutional” business takes at least three people with him to Walnut Creek branch, while 10-year Merrill broker in Modesto takes some of his team to Raymond James.
As wealth management firms press the pedal on lending to wealthy clients, they are finally having to spend more on what they are paying to fund the loans.
CEO James Gorman says very wealthy clients are developing more loyalty to the “firm” and to its variegated loan and “goals-based” investment products.
Five former employees at a Princeton-area branch have left in recent weeks to join former branch manager Robert Beylickjian at rival firm.
Broker’s termination for “delays in converting accounts to fee-based platforms” could be a warning sign to big firm stock pickers who drag their feet on fee-based trend, lawyers say.
A million-dollar producer in Alexandria leaves without explanation while a call-center manager is appointed to unify firm’s two offices in the city.
The firm filed two lawsuits on Thursday to restrain a former manager near Princeton, NJ, from soliciting brokers and a broker he allegedly recruited from soliciting inherited-account clients.
Almost two years after his departure from Morgan Stanley, the former wealth management division head takes a stab at building out a much smaller wealth shop with an equally prominent name.
After 40 years as a big-firm employee and ten years at Morgan Stanley, a Bakersfield, California broker with a modest-sized book starts a “family business.”