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Articles tagged "Morgan Stanley"


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Mary Erdoes: Clients are beginning to understand the environmental, social, and governance (ESG) impact of their portfolios.

J. P. Morgan buys OpenInvest, after missing out on Parametric, which Morgan Stanley nabbed; it's more about ESG, less about direct indexing, firm says

The New York City money manager finally has a foothold in the ESG game, helping RIAs actively manage indexes, but it's footprint, starting out, is small.

June 29, 2021 at 6:29 PM

Gregory Garrabrants: The addition... significantly accelerates our time-to-scale in this business..

Axos Financial gets E*Trade RIA custody unit at $220-million discount from discount broker's 2018 price -- all but assuring it'll be accretive by 2023, its maverick CEO says

The Las Vegas banking company is paying just $55 million cash for $23 billion in RIA/TAMP assets and 200 relationships from the old Trust Company of America unit with ex-McKinsey Greg Garrabants leading the unlikely charge

April 27, 2021 at 11:04 PM

Liz Michaels will co-lead Aperio after her firm becomes a BlackRock subsidiary.

Despite tepid net flows in 2020, Aperio finds its white knight; BlackRock makes a deal to compete with buyers of Parametric, Motif and Folio

The Sausalito, Calif., direct indexing firm's owner watched as competitors got snapped up by Morgan Stanley, Schwab and Goldman Sachs but ultimately scored a $1-billion offer from the giant's petty cash.

November 26, 2020 at 1:42 AM

James Gorman: 'Perfect fit.'

Morgan Stanley's Eaton Vance deal yields a golden nugget-- Parametric--and a means to own the direct-indexing super trend -- at a bargain $7 billion

The New York wirehouse bought $507 billion of AUM, but Seattle-based subsidiary Parametric, which has no equal in its category, is the key to the deal.

October 13, 2020 at 3:00 AM

Ari Sonneberg: I do not think that the current turmoil in the market will be something that helps this deal.

Schwab's merger with TD Ameritrade was sterling until the Covid-19 pandemic and financial collapse took some of the shine off the deal

Charles Schwab & Co.'s decision to buy TD Ameritrade Holding Corp. in Nov. 2019 looked like a lock, but 'Schwabitrade' has been rocked by wholesale branch closings, plummeting share prices and emergency rate cuts to near zero.

April 14, 2020 at 11:13 PM

Kevin Sneader: Our era will be defined by a fundamental schism: the period before COVID-19 and the new normal that will emerge in the post-viral era.

COVID-19 may quickly expose that McKinsey's 2030 vision report ill-advisedly reprises Mark Hurley's 1999 logic about classic RIAs as easy marks for 'enterprises'

The New York-based consultant sees bigger, more digital companies (Wall Street 2.0 in other words) dominating -- a de facto logical black hole that desk-bound consultants gravitate to.

April 7, 2020 at 8:01 PM

Liz Ann Sonders: The path of least resistance is still down.

E*Trade, TD Ameritrade and Legg Mason deals look dicier, after share crashes crush market caps of merging firms

Schwab and Morgan Stanley are using their stock as currency; Franklin Resources is buying Legg Mason, mostly with hard cash

March 9, 2020 at 11:22 PM

James Gorman: We’ll take on Schwab. We'll take on Fidelity

James Gorman delivers chilling remarks to E*Trade RIAs after doing no-money-down deal for the zero-commission discount broker

The Morgan Stanley CEO is arbitraging his puffed-up shares for downtrodden E*trade stock and admits old Trust Company of America custody unit is an afterthought in bigger game

February 21, 2020 at 3:45 AM

Ron Rhoades says that when brokerage associations (i.e. FSI and SIFMA) and broker-dealers, like Morgan Stanley, offer threatening boycott comments in symphony, that they may very well break the law.

Broker-dealers' new power tactic -- threatening to quit states altogether -- to thwart local fiduciary rules for advisors sure looks like blatant misuse of power

SIFMA, FSI and Morgan Stanley made overt threats to Nevada and New Jersey and CFP Board that have more than a whiff of conspiracy to restrain trade

June 18, 2019 at 10:58 PM

Jason Fertitta: We are excited to be able to work from the same side of the desk as our clients

Shirl Penney and Brian Hamburger gang-tackle largest breakaway of 2019 as Jason Fertitta, Team Americana bolt Morgan Stanley to form Schwab RIA

The Dynasty CEO and MarketCounsel CEO fended off the logistical and legal furies for small team with $6 billion in AUM and average accounts of $50 million

April 29, 2019 at 5:11 PM

Libby Cherrington has fallen foul of FINRA for falsifying her date of birth on a number of occassions.

Lisbeth Cherrington's long, strange career, fraught with regulatory actions, takes another bizarre turn over her latest FINRA sanction--lying about her age

Caught red-handed falsifying official records, the super-producer, who alleged homophobia and defamation at Morgan Stanley, is hit with $15,000 fine and 60-day suspension

August 30, 2018 at 4:15 AM

Greg Fleming is building out his management team to go after top advisors

Greg Fleming dips into RIA gene pool with expected hire of Chris Dupuy to fish for elite wirehouse advisers in drive to reach $100 billion in UHNW assets

But can the CEO of Rockefeller Capital Management, a brand associated with a 19th century robber baron, convince 21st century tech magnates and next-gen middling millionaires to rub shoulders with Rockefellers... and Derek Jeter?

August 28, 2018 at 1:53 AM

Bill Willis: The code of conduct at Morgan Stanley is embedded in compliance manual. I’m sure it could find a page, a paragraph, a sentence that would justify his termination.

Morgan Stanley mega-producer's fate in Oregon may become #MeToo movement litmus test on Wall Street after New York Times report

The charges against Douglas Greenberg of egregious and unlawful behavior aren't compliance- or even MS-employee related, making them 'gray area' infractions, says a source

April 2, 2018 at 6:30 PM

Tom Naratil plays catch-up on recruitment withdrawal after setting the early pace.

How UBS exited the Broker Protocol and why the aftereffects may surpass those of Morgan Stanley's earlier departure

Using Thanksgiving and the alleged complicity of his firm's attorneys as a smoke screen, CEO Tom Naratil made good on warning to slam the door on his sales force

November 28, 2017 at 2:37 AM

Brian Hamburger worked the phones until headliners signed on in droves.

After Brian Hamburger scores Greg Fleming, Tom Bradley, Elliot Weissbluth and other A-list whoppers, MarketCounsel Summit fees will rise

Speakers fresh off making RIA headlines, including ex-Morgan Stanley president who is launching Rockefeller-backed RIA, will address uncomfortable issues, which sends demand up; $1,000 tickets til Monday

November 10, 2017 at 11:09 PM

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