Wirehouses

Despite an impressive performance, Morgan Stanley's CEO is not preparing to raise profitability targets.

The wirehouse exodus continues, as a team of Wells Fargo advisors jumps ship for the independent firm.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

The claim alleged negligence, fraud and misrepresentation, according to the regulator.

The brokerage ranks shrank by 258 from the year-ago period.

"If our profession truly cares about the well-being of our clients to the extent that the profession professes, then we need to swing this pendulum in the other direction," Elwyn says.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

Tom Thives, a 34-year industry veteran, will head up the firm’s offices in New Jersey.

Do you know a great branch manager? Now is the time to nominate these leaders for On Wall Street's Top Branch Manager Awards.

The firm was defined by a culture of “no, no, no,” a top headhunter says as part of On Wall Street’s annual recruiters roundtable.