I was recently interviewed by AdvisorHub, a popular wealth management news source, to once again discuss the effects of Morgan Stanley’s exit from the Protocol for Broker Recruiting. A Colorado-based search firm, Advisorbox, recently unveiled a promotion aimed at Morgan Stanley brokers with at least $500,000 of production. If they leave the firm, Advisorbox is offering to pay up to $25,000 of their legal costs. As I stated in the article, “This is certainly a novel approach for a recruiting firm.” “The landscape is changing, and while it remains to be seen if more firms will follow Morgan Stanley its decisions certainly makes movement out of the firm more difficult.” You can read the entire article here. Stay tuned as I will keep you updated on this matter as it develops.
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