Search Our Blog

Morgan Stanley Loses Over $2.1 Billion In Assets To Rivals

By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, February 17, 2015.

Erwin J. Shustak

Erwin J. Shustak

Managing Partner

LocationSan Diego, California
New York, New York
Phone: (619) 696-9500 (Ext. 109)
(800) 496-5900 (Ext. 109)
Email[email protected]

According to a recent survey by InvestmentNews, during the first two weeks of February, 2015, advisors with assets under management totaling over $2.1 billion departed Morgan Stanley Wealth Management for various competitors.  Those departures account for over 67% of assets that departed all reporting firms during that same two week period.  The total assets on the move during that two week span was just over $3.19 billion.  The largest net gainer of assets during those two weeks was Bank of America Merrill Lynch.

Erwin J. Shustak, Esq. Shustak Reynolds & Partners, P.C.  Shustak Reynolds & Partners, with offices in California and New York, focuses on financial services law and represents broker dealers, investment advisors, registered representatives and high net worth investors.  Erwin Shustak can be reached at 619.696.9500.

Share This Article linkedin