Morgan Stanley has acquired a minority position in Auerbach Grayson, a broker dealer with operations in 130 countries, reports Fox Business.

U.S. officials have charge 60 people with evading taxes on $184 million in assets after their Swiss banker, Beda Singenberger, mailed a list of the individuals to the wrong recipient, reports the Guardian.

Among respondents to a recent SEI Investment Company survey, 68% of advisors say they have no business succession plans even though the majority of advisors are older than 50 years old, reports 4-traders.com.