Morgan Stanley

The arbitration award comes amid the industry's aggressive push to make sure departing wealth managers pay back money owed on recruiting loans.

Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.

The latest legal challenge to the firm's "cash sweeps" policies argues advisors violated their fiduciary duties by not procuring higher yields for clients.

An industry recruiter notes that many wealth managers who switch firms receive money from their new employer to cover forfeited deferred compensation.

New CEO Ted Pick sees little need to change the "wealth management machine" his predecessor helped bring to "escape velocity."

The likely more than $1 million award is the latest result from cases arguing that firms' pay policies run afoul of federal retirement law.

Firms like Morningstar and Morgan Stanley that recently rebooted their chatbots with AI models are finding it's transforming how clients and advisors engage chatbots. Is the industry missing an opportunity for growth with their chatbots?

Firms' aggressive pursuit of repayment of recruiting loans is likely a reflection of how massive some recruiting deals have become in recent years.

James Gorman will step down as Morgan Stanley chair at year end, concluding an era in which the firm nearly failed before evolving into a wealth management leader.

Arbitration panels and courts have already shown openness to arguments that deferred compensation is protected under federal retirement law.