Global Wealth Management Group

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  Morgan Stanley Beats Estimates as Advisors Improve Results

  By Janet Levaux, AdvisorOne  |  April 18, 2013

  The flow of advisors’ fee-based assets continue to increase at $15 billion in Q1.

• Wirehouses Boost Wealth Results

  By Janet Levaux, AdvisorOne  |  February 22, 2013

  Bank of America reported a 63% drop in net income for the fourth quarter of 2012.

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  Morgan Stanley at ‘Pivot Point,’ Says CEO, as Firm Tops Earnings Estimates

  By Janet Levaux, AdvisorOne  |  January 18, 2013

  Gorman adds that he’s comfortable with the current headcount and that the wealth management unit has a pretax profit of 17%.

• Q3’12 Earnings

  By Janet Levaux, AdvisorOne  |  November 21, 2012

  Bank of America had net income of $340 million, or $0.00 per share, in the third quarter, compared to $6.2 billion, or $0.56 per share, in the year-ago quarter.

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  Morgan Stanley Tops Earnings Estimates, Boosts Asset Flows

  By Janet Levaux, AdvisorOne  |  October 18, 2012

  Its advisor count, though, drops by 5% from last year; average production is up but trails that of Merrill Lynch.

• Q2 ’12 Wealth Profits Top Year-Ago Results

  By Janet Levaux, AdvisorOne  |  August 23, 2012

  Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.

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  Another Breakaway Merrill Advisor Heads to HighTower

  By Joyce Hanson, AdvisorOne  |  March 26, 2012

  Mike Papedis of HighTower’s business development unit says the addition of Charles Holt to the Pagnato-Karp Group shows how compelling the RIA business model is to individual advisors.

• Wirehouse Firms Share First-Quarter Results

  By Janet Levaux, AdvisorOne  |  June 1, 2011

• Wirehouse Performance Takes Divergent Paths

  By Janet Levaux, AdvisorOne  |  March 1, 2010

  With the latest earnings results, the varied strategies and performance of the remaining -- and transformed -- wirehouse firms are becoming clearer though not...

• Morgan Stanley Posts '09 Results; Revenue Up for 18,135 FAs

  By Janet Levaux, AdvisorOne  |  January 21, 2010

  This news article originally appeared on ResearchMag.com on 1/20. Morgan Stanley says its Global Wealth Management group - which includes the operations of Smith Barney --...