Wealth and Asset Management
Morgan Stanley Looks to Shed Wirehouse Comparisons, Take on Schwab
Morgan Stanley no longer wants stock market analysts or shareholders to pull up only Merrill Lynch, UBS, or Wells Fargo—its traditional three wirehouse rivals—when evaluating its performance, according to CEO James Gorman and the leader of its wealth management unit Andy Saperstein. Instead, Gorman and Saperstein prefer to compare their…
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