Morgan Stanley financial issue????

[Trendytrader]

I'm hearing a lot of gossip that Morgan Stanley is hemorrhaging internally in the wealth investment area. Scores of HNWI brokers and financial advisers are abandoning the MS ship

$$$$ are flowing out of MS at an alarming rate. Don't be surprised if they have hypocated individual brokerage accounts.....all legal of course.

The following is one of many similar stories.

http://www.bloomberg.com/news/2012-...nd-capital-raiser-barrett-said-to-depart.html

 

[jficquette]

If its in the news it is probably not true.

 

[Trendytrader]

Quote from jficquette:

If its in the news it is probably not true.

Just like Lehman and Bear Stearn. Nothing to see here move a long.


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[Trendytrader]

Anyone home?

 

[Trendytrader]

The MS ship is sinking fast....more staff heading to the life boats.

http://finance.yahoo.com/news/exclusive-morgan-stanley-smith-barney-174700644.html

Exclusive: Morgan Stanley Smith Barney rainmakers consider exit
Reuters

NEW YORK (Reuters) - Several dozen Morgan Stanley Smith Barney advisers who manage tens of billions of dollars of client money are considering leaving the firm, saying that widespread technology problems have made it very difficult for them to do their jobs, according to people familiar with the matter.

The group has hired a lawyer to argue that they should be able to keep lucrative retention payments even if they quit, and they have also drafted a letter to Morgan Stanley CEO James Gorman outlining their concerns, though the letter has not yet been sent, the sources said.

Rebecca Rothstein, one of the firm's top advisers based in Beverly Hills, spoke to him on the group's behalf, two sources familiar with the conversation said................