February being Black History Month, this is an appropriate time to acknowledge notable African American financial advisers of the past. Before the late 1960s, when hiring discrimination on Wall Street was an open secret, the fact there were any African ...

Financial advisers’ clients are clamoring for crypto assets, while brokers and advisers are trying to figure out how this nascent asset class fits, if at all, into their investment and retirement portfolios. That hurried, confused ardor for cryptocurrencies and digital ...

U.S. authorities are examining the involvement of one of Morgan Stanley’s top equities executives in block trades as part of an investigation into whether banks improperly alerted certain clients to market-moving transactions, according to people with knowledge of the matter. ...

2021 was an unusually productive year for Morgan Stanley and its close to 16,000 financial advisers, who brought in record net new assets for the year of $437.8 billion, for an annual growth rate of 11%, according to the company. ...

Despite all the political and social turmoil, 2021 turned out to be one of the fatter years for the broad financial advice industry, from large broker-dealers to burgeoning registered investment adviser networks. Recent indications reveal just how chunky the advice ...

Former Credit Suisse Securities brokers recently added to their arbitration winning streak against the firm over deferred compensation. In a Dec. 23 award, three Financial Industry Regulatory Authority Inc. arbitrators ordered Credit Suisse to pay seven of its former brokers ...

Morgan Stanley is introducing an initiative to draw more young people from diverse backgrounds to the finance industry, furthering its outreach efforts a week after appointing to the bank’s board its first woman of color.  “We recognize our industry must ...

As the grip of the Big Four wirehouses — Merrill Lynch, Morgan Stanley, UBS and Wells Fargo Advisors — on financial advisers has lessened over the past 10 years or so, one of the main arteries for attracting new financial ...

Recognizing the growing popularity of model portfolios among financial advisers, Capital Group and Vanguard Group have partnered to offer 10 active-passive strategies for Morgan Stanley’s platform. The models, which are two-thirds allocated to Capital Group’s actively managed American Funds strategies ...

The wirehouse world historically has wanted next to nothing to do with registered investment advisers, who have been siphoning off leading teams of wirehouse financial advisers for decades. RIAs are the direct competitors to wirehouses, which have the wealthiest clients ...