The move is the latest recruiting win for RBC Wealth Management as it continues to lure top talent away from big banks and brokerage firms.

Morgan Stanley has recovered more than $7 million in a clawback case against a financial advisor who was barred from the industry after leaving the firm.

Robert Daly was part of a star team that left Morgan Stanley in 2023 to join First Republic and has since been barred from the industry.

J.P. Morgan and UBS were the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific region in 2024 by value and volume, respectively, according to the latest financial advisers league table by data and analytics firm GlobalData.

Marc Turansky is starting in the newly-created role of head of investment advisory programs as of Monday, according to Keith Glenfield, head of investment solutions.

Morgan Stanley (MS) stock saw a modest uptick, ending the day at $124.62 which represents a slight increase of $0.63 or 0.51% from the prior close of $123.99. The stock opened at $125.4 and touched a low of $123.

Following the appointment of Glenfield in June, Citi Wealth hired Dawn Nordberg, a 25-year veteran of Morgan Stanley, to oversee its newly established "integrated client engagement" group. In this role, Nordberg is tasked with fostering collaboration across bank units, driving strategic recruitment and expanding client investment assets.

GoPro Inc (GPRO) stock saw a decline, ending the day at $1.05 which represents a decrease of $-0.02 or -1.87% from the prior close of $1.07. The stock opened at $1.07 and touched a low of $1.05 during the day,

Crown Holdings Inc (CCK) stock saw a modest uptick, ending the day at $85.56 which represents a slight increase of $0.35 or 0.41% from the prior close of $85.21. The stock opened at $85.84 and touched a low of $85.

Wall Street was on track for its best week since the election last year, with all U.S. market averages extending gains on Friday. As investors digested a busy first full trading week of 2025, both bonds and equities caught a big break,

JPMorgan Chase stands head-and-shoulders above the rest of this group of largest U.S. banks by ROAA, while Morgan Stanley runs a pretty close second when its performance is measured by ROTCE. And with such a large balance sheet, it is not a stretch to call JPM the best performer in the U.S. banking industry.

The Goldman Sachs Group (NYSE:GS – Get Free Report) had its price target hoisted by stock analysts at Morgan Stanley from $736.00 to $782.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the investment management company’s stock.