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Morgan Stanley Narrows Recruiting-Attrition Gap, Hires $5 Mln UBS Duo
Morgan Stanley’s net recruiting number is again an “important metric” and will move “much closer to zero” this year versus its historical negatives, CFO says.
Raymond James Advisors, Customers Lose Account Data Access
Brokers on Thursday have been delayed or are unable to view client contact data and holdings through their workstations due to vendor hardware issues.
RayJay Hires $1.7 Billion-Asset Broker Ousted by Morgan Stanley over Online Post
Chicago broker dismissed from Morgan Stanley’s private client unit after he was pictured in an inappropriate social media posting lands at Raymond James’ high-net worth Alex. Brown unit.
Raymond James Lays Off More Than 500 Employees
Florida-based firm says workforce reduction of close to 4% primarily affects corporate staff positions, and responds to economic conditions and rate cuts that wiped out half its earnings.
De-Wired: $1-Bln UBS Trio Joins Stifel, $675-Mln Morgan Stanley Quartet to RBC
Michigan brokers managing $1 billion at UBS moved Monday to Stifel, while RBC landed $675-million-AUM Morgan Stanley team in Beverly Hills the same day.
Phil Scott, $18-Million Merrill Superstar, Joins First Republic
High-profile Washington State broker Phil Scott moved his 11-person team on Tuesday to First Republic.
$3 Mln-Merrill Lifer in Vegas Exits After 37 Years, Launches RIA
Yearning to “drive the ship” himself after almost four decades at Merrill, broker managing $360 million for 56 families strikes out on his own.
Morgan Stanley Lures Merrill Brokers with $5.2 Million Production
It also promoted an associate complex manager in Bethesda, Maryland, to manage a large Potomac branch, which has about 20 advisors overseeing over $5 billion in client assets.
Raymond James Gears Up Expense Controls as Profit Falls 34%
Citing the global pandemic and its economic consequences, Florida-based firm outlines plans to cut costs broadly to generate “significant efficiencies.”
Morgan Stanley Hit with Class Lawsuit Over Alleged Data Breaches
Lawsuit alleges negligence and invasion of privacy over Morgan Stanley’s admissions that decommissioned data-center hardware and some old branch servers were not scrubbed of customer data.
Edward Jones Says Broker Played Bait-and-Switch About His Firm
Lawsuit seeking to bar Ameriprise broker from contacting his former Edward Jones clients says he deceived some about who he was working for.
