Louis Diamond Quoted
Recruiting and attrition have slowed down at Morgan Stanley as the firm, like other big brokerages, has de-emphasized big signing bonuses, reports InvestmentNews.
Still, recruiter Louis Diamond expects to see recruiting pick up toward the end of the year. The reason: Merrill and Morgan Stanley have major recruiting deadlines at that time.
“The major firms have more commitments now on the books then they have in years,” Diamond tells InvestmentNews. “The shot clock is ticking.”