Thursday 25 May 2017

Morgan Stanley to ‘Significantly Reduce’ Recruiting of Brokers

Morgan Stanley said it will cut back on using recruitment bonuses to poach established financial advisers as a new rule throws the industry’s traditional hiring practices into doubt. The firm will honor certain existing recruitment deals while it comes up with new policies, Shelley O’Connor and Andy Saperstein, the New York-based bank’s co-heads of wealth management, wrote

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