Morgan Stanley added nearly 500 advisers in 2020
First time in decades without ‘net attrition’ or a net loss of advisers, CEO says Written by Brucke Kelly
Morgan Stanley
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How can financial services improve black representation?
Firms lack a ‘better understanding of what’s stopping talent enter the industry’
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10 investment firms unite to tackle black underrepresentation
SJP, Aon and Morgan Stanley among companies that will share details about barriers for talent
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Ex-senior executive sues Morgan Stanley for lack of diversity
Complaint alleges that inclusivity effort has moved backwards under current CEO Written by Bruce Kelly
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PEOPLE MOVES: LGIM, Royal London, Aberdeen Standard
Investment manager hires COO, while mutual insurer names group CFO
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PEOPLE MOVES: Schroders PW, Ashburton Investments, WH Ireland
CEOs named at both financial planning and asset management firms
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American HNWs increasingly attracted by tech investments
But they are also worried about cybersecurity and data breaches
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Former Morgan Stanley adviser banned for life in Australia
A former Morgan Stanley Wealth Management financial adviser has been banned for life in Australia for not acting in the best interests of his clients.
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Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
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US adviser stole $5m for private jet service and Vegas house
A former Morgan Stanley investment adviser has been charged with stealing around $5m (£4m, €4.6m) from clients to rent a home in Las Vegas, pay for country club membership, and a private jet service.
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Trump slams brakes on fiduciary rule
Donald Trump is to sign a directive halting the implementation of the Department of Labor’s fiduciary rule, which requires financial advisers of retirement products to act in the best interests of their clients.
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Morgan Stanley vows to keep commissions despite US reforms
Morgan Stanley, one of the largest wealth management firms in the US, has confirmed it will keep commission-based retirement accounts when the Department of Labour’s (DoL) fiduciary rule comes in to effect in April.