Wealth and Asset Management
Morgan Stanley nixes protocol pact, blocking brokers’ exits
Morgan Stanley has locked the gates to keep its high-priced wealth management brokers from fleeing. The new edict — breaking with a 13-year-old agreement known as the Protocol for Broker Recruiting — enacted on Nov. 3 means the bank will threaten wealth management pros with costly litigation if they bolt…
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Click here to read the full story: New York Post