ML vs MS? I already have a book. Curious how management is? And what the culture is like? I hate ML. Morgan Stanley seems more polished from the interview process. Thoughts on future? Grid changes?

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Posting as :
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Wanting an answer to my question about not RIA. Thanks .

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Ok, simple answer: don’t give up ownership of your book. If it’s between ML and MS stay put. Everyone is on their best behavior during the dating process. MS gets ownership of your clients and gets to handcuff you for 7 years. Sure it may seem nice now, but look what happened to wells over the past 10 years.

They reduced our grid 3% and I think will do it again. Management and the overall culture. Working for them the last 6+ years I realize how many horrible people work for this company and operations are very rough. Issues with tech and we force the bank on our clients. There is no HR

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Did you receive the private message I sent? Just checking. I hadn’t used that feature previously. Just want to make sure I did it correctly

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Get out of the wires and go Indy while u can. ML is still in Protocol, so u can leave. MS is not, if u go there u r stuck..

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OP pay attention to the comments. I know you want an answer to your original question, but the comments suggest you asked the wrong question. Your answer is in there. Unless you have already made up your mind of course. I spent many years at ML. Good friend (1M+ producer) recently left WF for MS and is not happy but feels trapped.

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Look at Janney Montgomery Scott. Let me know if you want to talk. I left MS and ML. I will not be leaving Janney. Better pay outs, pro business, good compliance. Pretty much the way it was 20 years ago

Depends revenue but 46% plus 1% of revenue to build business and added deferred comp. we can chat if you want to but for god sake, don’t go get trapped in MS. They believe the client is their client and not the advisor.
Janney has been the best thing I have done and they have truly helped me grow and serve my clients.

Morgan Stanley did all this recruitment and then left the protocol. It wouldn’t surprise me if the advisors revenue goes to 20 percent. What you going to do.. leave and get sued.

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