As Merrill Lynch intensifies its hunt to grab top financial advisory talent away from Morgan Stanley, some financial services recruiters say more Morgan Stanley advisors are considering a transition.
The Wall Street Journal reported on Tuesday that Merrill Lynch is making plans to raid Morgan Stanley of its top financial advisors. The firm is reportedly arming its regional managers with lists of top Morgan Stanley advisors to target. The offers to those advisors is said to be as high as $1.5 million upfront, not including deferred compensation, for advisors with at least $1 million in production.
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