Advisor Channels

The move to offer banking services, like loans, would support the wealth management business, the firm’s CEO said during an earnings call.

This time, the former Morgan Stanley executive has scooped up Cadaret, Grant & Co., the privately owned independent b/d based in Syracuse, N.Y., with about 900 advisors.

Some RIAs are launching ancillary businesses. But there are some guidelines advisors should follow to make sure it’s done in a prudent way.

The cash flow and enterprise value of an independent advisory are better than a wirehouse.

Attorneys say the brokerage is trying to bully advisors with the court cases to deter others from leaving the firm.

Morgan Stanley Family Office Resources will help clients address estate-planning issues, family governance, asset allocation and portfolio strategy.

Sallie Krawcheck posted a photo on LinkedIn of 46 names of Morgan Stanley financial advisors. Just three were women.

No shareholders have looked to sell; the more likely scenario may be a debt restructuring.

As wirehouses battle to retain control of their channel and maximize profits, expect more advisors to vote with their feet in search of freedom and flexibility.

“We believe the multi-channel strategy is the way to go otherwise we would not have that.”