wealth management

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Felony Charges Dropped in Hit-and-Run...

...so that a Morgan Stanley wealth manager can keep job

(Newser) - Prosecutors in Colorado want Martin Joel Erzinger to keep his job as a financial manager to the ultra-wealthy—so they dropped felony charges against him in a hit-and-run case. Erzinger, 52, will instead face two misdemeanor charges for allegedly hitting bicyclist Dr. Steven Milo on July 3 and then fleeing... More »

Brokers Ditch Big Firms, Hang Out Shingles

Exodus sees decline in big Wall Street's share of client money

(Newser) - Independent financial advisers are gaining on the big Wall Street firms in managing personal assets, as more brokers leave companies they see as unreliable or tarnished. Those heading for the exits are taking many of their clients with them, creating a net outflow in 2009 of about $188 billion in... More »

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