With the introduction of Morgan Stanleys new compensation plan, 2013 is shaping up to be another cutthroat year as wirehouse and regional firms look to lure top advisor talent.
Morgan announced Thursday a number of changes to its compensation plan, including long-term bonuses for growing assets and a capital accumulation program to allow advisors to buy company stock at a discount. While the plan also included a cut in revenue bonuses and transaction revenues, the overall package remained attractive even as many advisors worried Morgan might cut back to try and meet its announced target of 20% profit margins.
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