Shareholders cried “foul” against Morgan Stanley’s chairman and CEO for using 62% of the company’s net revenue for employee compensation. (After accepting a Treasury bailout). The complaint demanded repayment and also that Morgan Stanley reform its pay practices. The lawsuit also wants repayment of incentive payments made in 2006 and 2007 “because they were based [...]
Fee Based Financial Advisors Turn to “Tactical Management” In Volatile Markets
February 17, 2010 By Leave a Comment
An interesting survey by Jefferson National cited that about 50% of 750 fee-based advisors interviewed said they are turning to a “tactical management” strategy, while 68% are feeling pressure to revise their asset management strategy from the traditional “buy-and-hold” strategy. Only 34% said their clients are more confident with the traditional buy-and-hold. So, how’s [...]
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