Morgan Stanley boosted Chief Executive Officer James Gorman’s compensation by 7.4 percent to $29 million for 2018.
Losses in investing deferred-plan assets contributed to a 12% decline in pretax fourth-quarter profit and a 6% fall in revenue.
Two managers of the wirehouse’s unit for ultra-wealthy clients decamped without explanation in recent days.
Brokers in Cincinnati who were put on leave for using customer logins and passwords to review outside accounts transition quickly to another firm.
Morgan Stanley responds that they have exhausted their attempts to prove racial bias in account distribution, teaming and other areas.
Investors and strategists who shunned risk, from stocks and credit to emerging markets, are cracking the door back open.
Boca Raton broker who asked arbitrators for $5 million in wrongful termination claim instead is ordered to pay off his forgivable loan balance.
Firm is requiring every Private Wealth Management team to have at least one member pass a 150-hour internal course on servicing the very wealthy.
Gladstone Wealth, an LPL-affiliated firm in New Jersey, asks Rick Frick to bulk up its ranks.
Morgan Stanley just beat JPMorgan Chase & Co. and Goldman Sachs Group Inc. for a second straight year in one of Wall Street’s most competitive businesses — and it’s poised to win again in 2019. Its secret: Quirky dealmakers wielding a spigot of private money.