As Morgan Stanley Smith Barney reportedly faces changes ahead for its brokerage unit, including slashing support staff jobs, combining offices and raising production requirements, all eyes turn to how any decisions may affect its advisor force.
"To me, it just strikes me as you're cutting and putting a challenge on the organization and cutting service levels just at a time when you need more service," said Danny Sarch, president of White Plains, N.Y.-based financial services recruiting firm Leitner Sarch Consultants. "And that will affect the advisors."
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