California advisor takes reins of Walnut Creek office, Salt Lake City family team joins Ameriprise’s “franchise” channel.
Deferring to coronavirus challenges, Morgan Stanley delays grid changes that will lower some advisors’ pay, and Wells postpones fee it plans to charge customers who keep less than $500,000 in brokerage accounts.
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“While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020,” James Gorman e-mails company’s 60,000-plus employees.
Wirehouse says it will compensate clients hurt by four-and-a-half hour glitch Wednesday that prevented them from seeing accounts and required workarounds for trades.
Customers who claim losses because of inability to trade when markets soared earlier this month are offered credits of at least $75—if they release it from lawsuits or other further claims for alleged losses.
Bank of America’s Merrill Edge was the second brokerage firm to suffer client account access issues on Wednesday.
Brokers working from home offices directed to copy trading link into their web browser while system is down.
AdvisorHub’s Publisher & CEO — Tony Sirianni — asked executives from top firms their opinions on the dual management of…