Morgan Stanley Luring Brokers With Bonuses

Right now, the big game on Wall Street is “get the assets.” Well…I guess that’s always the game, but it’s getting even more intense.
Morgan Stanley (MS) is aggressively pursing other firms’ top-producing brokers. They’re offering bonuses of up to 200% of gross revenues. And I expect someone will shortly one-up them.
My favorite quote comes from Howard Diamond, a Morgan recruiter: “Money is the best inducement for these kind of people to come aboard to Morgan Stanley.” It’ll probably help them stay too.

Posted by on May 6th, 2006 at 8:49 pm


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