Looking for a big name to put on the door…they don’t get much bigger than Morgan Stanley. They are a behemoth in both # of advisors and total assets under management. You won’t worry about people not knowing which firm you represent. Sadly, for many advisors that may be the lone reason to consider a move here right now.
With only a W-2 model advisors here are limited in scope and the scuttlebutt among those on the inside is the technology is good, not great. Today’s advisors need to consider how much of the heavy lifting tech really does and if not excelling in this area will be limiting in the long-term.
There was a time when joining Morgan Stanley would have been considered “making it,” and for some it still may present that opportunity. They make one heck of a backstop. But many advisors may feel the walls squeezing in on them. If you fit the mold you will never leave. Investigate carefully lest you be looking to jump again soon.
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