Morgan Stanley Smith Barney (MSSB)
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Merrill Lynch nabs $400M team from Morgan Stanley
Bank of America Merrill Lynch has snapped up a former Morgan Stanley duo who oversaw some $400 million in assets. The two advisers, Michael Bromberg and Daniel Gerschel, have joined Merrill Lynch's New York office. They previously produced about $1 million in revenue while at Morgan Stanley,
Morgan Stanley hits key growth target in 4Q as pretax profit margin reaches 20%
As Morgan Stanley chief executive James Gorman sets a new profit margin target for the firm's wealth management unit, executives will be looking to advisers to capitalize on new opportunities, such as lending to high-net-worth clients, an area where the firm lags.
With big new team, Morgan Stanley adds horses
Morgan Stanley has landed a $1.5 billion team from J.P. Morgan Securities LLC in the latest in a series of high-profile acquisitions. Scott Siegel, a Barron's top 1,000 adviser, and his team of Mehmet Kirdar, Michael O'Hara and Joseph Carmody, have joined Morgan Stanley's New York City office, the
What's now and what's next for Morgan Stanley's new trade tool
Trade Flow Insights provides brokers with across-the-board product sales data and insights about those who bought them.
'Major loss' as big L.A. adviser leaves Morgan Stanley for Merrill Lynch
Rebecca Rothstein, legacy Smith Barney adviser, jumps ship; No.2 on Barron's list
INsider: Morgan Stanley in recruiting cross hairs, headhunters say
Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?
Smith Barney bites the dust
It's official — management at Morgan Stanley has eighty-sixed the 'Smith Barney' name, rebranding the iconic brokerage as Morgan Stanley Wealth Management. What would John Houseman think?
What to expect from muni bonds this fall
The tax-exempt municipal bond market enjoyed favorable technical factors for much of the summer, which allowed it to outperform U.S. Treasuries.
Now work really starts at MSSB
Brokers and other observers say a culture clash and cost cutting have left legacy Smith Barney reps feeling demoralized and could cause more of the firm's brokers to leave.
Ex-MSSB exec: I was fired for whistleblowing
A former executive at MSSB claims he was fired because, among other things, he threatened to expose churning of preferred stock by a star rep.
Group of MSSB advisers threatening to leave: Reuters
A large group of Morgan Stanley Smith Barney financial advisers managing “tens of billions” of dollars in client assets are threatening to leave the firm, according to a report by Reuters Friday afternoon.The group of 40 or more advisers are reportedly upset about continuing problems with the
MSSB to pare number of complexes
In a bid to cut costs, MSSB plans to substantially pare the number of its complexes. The brokerage also plans to shrink the ranks of its nonproducing managers.
$790M team jumps to Merrill after four months at Barclays
Celenza, DiGioia make quick exit from U.K. bank after 11 years at Smith Barney; location, location, location
Old home week as Dynasty lands another MSSB exec
Sullivan leaves wirehouse for fast-growing firm; hooking up with former colleagues
Citigroup sees significant charge after brokerage valuation
Morgan Stanley's estimate of the fair-market value of the Morgan Stanley Smith Barney unit is about 40% of what Citigroup believes the brokerage is worth, according to a regulatory filing
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February 27, 2014