by Patrick M. Kelly | Jan 18, 2013 | Hiring, Job Market
Not official yet, but an “unidentified” person “in the know” released the information last week to FA-mag.com. The rumor has it that 1,600 jobs within the investment banking and trading units will be slashed in the coming weeks, about half of them within the United...
by Patrick M. Kelly | Oct 12, 2012 | Financial Services Industry, Job Market
Merrill appears to be intent to grab as many top Morgan Stanley financial advisors as possible, even arming their managers with lists of advisors to target, according to The Wall Street Journal on Oct 2, 2012. (With offers as high as $1. 5 million upfront not...
by Patrick M. Kelly | Jan 20, 2012 | Compensation, Wall Street
FinancialAdvisor online magazine reported January 17, that Morgan Stanley, owner of the world’s biggest brokerage, is capping cash bonuses at $125,000 as the firm curtails pay and defers more compensation for senior executives. Members of the company’s operating...
by Patrick M. Kelly | Dec 21, 2011 | Job Market
A sigh of relief came from the 17,291 global-wide financial advisors at Morgan Stanley last Friday when a spokeswoman from MS told OnWallStreet that advisors would not be included in the cuts planned for the first three months of 2012. (A Bloomberg story had broken...