Morgan Stanley Smith Barney plans to continue to trim underperformers from its financial advisor force in addition to the 300 positions that it severed in the first quarter, a spokesperson for the firm confirmed on Tuesday.
The plan to continue scaling down Morgan Stanley Smith Barney’s wealth management force were first made public in statements by Morgan Stanley Chief Financial Officer Ruth Porat at the Deutsche Bank Global Financial Services Conference on Tuesday, according to reports.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access