Michael Valenti and Samantha Maley, who managed $980 million at Morgan Stanley in Rochester, New York, have moved to UBS Wealth Management. The two have joined The Schoff Group at UBS, which had managed more than $2 billion before their ...

The team of James Wendling, Steven VanDerSchaaf and Clint Allaman, who managed $315 million at Morgan Stanley in Davenport, Iowa, have moved to the employee unit of Raymond James. Wendling spent more than 30 years with Morgan Stanley and predecessor ...

Morgan Stanley is expanding its partnership with Denver-based Empower Retirement, a large record keeper, to offer a wider array of services in its adviser-sold plans for businesses with retirement plan assets under $50 million. Through its Morgan Stanley at Work ...

More than 1,500 advisers have left the wirehouse channel so far this year, a 37% increase over the departures in the first half of 2020 but in line with prepandemic trends, according to an analysis of the InvestmentNews Advisers on ...

Finra arbitrators ordered Morgan Stanley & Co. to pay $640,747 to an investor for selling her Apple Inc. stock without her consent. The three-person all-public Financial Industry Regulatory Authority Inc. arbitration panel found Morgan Stanley liable for unauthorized trading, according ...

Billionaire hedge fund manager Alan Howard paid $59 million for a Manhattan townhouse in March. Just two months later he obtained a $30 million mortgage from Citigroup Inc. Denis Sverdlov, worth $6.1 billion thanks to his shares in electric vehicle ...

Nasdaq Inc. has formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies. Nasdaq Private Market will be added to the new stand-alone company, which ...

A team of three advisers — Steven Bailin, Jodie Cohen and Jeffrey Prince — managing $700 million at Morgan Stanley in Los Angeles have formed PBC Private Wealth and gone independent, affiliating with LPL Financial. The new firm is using ...

Morgan Stanley has reported that some of its clients’ personal data was compromised earlier this year after it learned of a security breach involving one of its vendor partners.  The investment bank was notified in May by Guidehouse, a vendor ...

Independent advisory firms are outpacing wirehouses when it comes to financial advisers’ satisfaction, according to research by J.D. Power released Wednesday.   Wirehouse advisers have experienced negative effects from the pandemic at double the rate of non-wirehouse and independent advisers, according ...