The wealth effect driving luxury car sales, Next Capital Management joins Dynasty and Morgan Stanley advisors in California and Florida join Ameriprise.

Randal Quarles served as a senior Treasury official under President George W. Bush.

New share classes reduce conflicts of interest and boost returns, four Kansas City firms merge and investor sentiment has fallen off.

Clients assets at the firm's brokerage reached a record high $1.8 trillion.

The brokerage has hired a head of municipal trading and head of public finance, new positions.

Carl Richards launches a not-so-secret society, Morgan Stanley high-earner leaves for Merrill Lynch and a Colorado financial advisor is arrested for stalking a teenage girl.