We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Morgan Stanley | NYSE:MS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.68 | 1.81% | 94.33 | 94.42 | 93.28 | 93.34 | 5,043,460 | 01:00:00 |
Investment in existing talent complements recent digital launch and fintech partnerships
Morgan Stanley (NYSE: MS) today announced new investments designed to empower financial advisors and their professional staff to strengthen client relationships and to drive further growth opportunities. Prioritizing investments in existing talent will enable Morgan Stanley to maintain its position as the leader in wealth management.
“With rapid technological change and evolving client expectations, we must stay ahead of the curve as a firm, and we must help our financial advisors do the same,” said Shelley O’Connor and Andy Saperstein, Co-Heads of Wealth Management at Morgan Stanley. “This requires a meaningful investment in our existing, exceptional talent and delivery of additional resources, capabilities and intellectual capital that will enhance performance and deepen client relationships.”
Highlights of the talent investments include:
These investments further the Firm’s previously stated commitment to reducing recruiting efforts in order to refocus those resources on existing talent. Accordingly, Morgan Stanley will exit the Protocol for Broker Recruiting (the Protocol).
The Protocol was instituted in 2004 to limit litigation among member firms by establishing a universal set of rules for Advisors to follow when leaving one Protocol member firm and joining another. However, over time the Protocol has become replete with opportunities for gamesmanship and loopholes: firms have opportunistically joined the Protocol to make a strategic hire and then dropped out; firms have invoked the benefits of the Protocol when hiring while using non-Protocol affiliates to circumvent the Protocol when they lose talent; and firms have unilaterally made exceptions to the scope of the Protocol, undermining the objective of a universal set of rules. In its current state the Protocol is no longer sustainable. Exiting the Protocol will allow the Firm to invest more heavily in its world-class advisors and their teams, helping drive additional growth opportunities.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005185/en/
Media Relations:Morgan StanleyMargaret Draper, 212-761-5301
1 Year Morgan Stanley Chart |
1 Month Morgan Stanley Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions