• Home: Leading Financial Advisor Recruiting Firm
  • About Us
    • Meet the Team
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
  • FAQs
  • Articles
  • Podcast
    • Industry Update
    • Independence 101 Series
  • In the News
    • Moves in the News
  • Tools for Advisors
    • 2022 Advisor Transition Report
    • Merrill Information Hub
    • UBS Information Hub
  • Contact Us
  • Subscribe for Updates

Questions? Call us: 908-879-1002

Contact us...
Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
  • Home
  • About
    • Meet the Team
      • Mindy Diamond
      • Louis Diamond
      • Howard Diamond
      • Jason Diamond
      • Barbara Herman
      • Deborah Aronson
      • Wendy Leung
      • Cathy Nichols
      • Debbie Wallen
      • Allison Brunwasser
      • Joshua Tomolak
      • Shelley Muzio
      • Caryl Felicetta
      • Donna Riopel
      • Kelly Griffiths
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
      • Sell-Side M&A Advisory
      • Consulting
  • FAQs
  • Articles
    • Subscribe for Updates
  • Podcast
    • Industry Update
    • Independence 101 Series
    • Subscribe for Updates
  • In the News
    • Moves in the News
  • Tools For Advisors
    • 2022 Advisor Transition Report
    • Merrill Information Hub
    • UBS Information Hub
    • Other Tools
    • Subscribe to e-Newsletter

In the News

Morgan Stanley Tracks ‘financial DNA’ to Find Clients Hidden in Plain View

Posted by Jason Diamond

Financial Planning
September 22, 2022
Jason Diamond Quoted
by Victoria Zhuang

Morgan Stanley plans to tease more wealth management clients out of its retirement and self-directed accounts by piecing together what the firm calls the “financial DNA” of each customer.

Morgan Stanley’s aggressive tech upgrades and investments in user experience are also a strategy that has won points with advisors.

In a year when other wirehouses have so far lost advisors to smaller competitors or independents, Morgan Stanley stands out as a rare big firm with a net gain of 87 advisors, according to industry recruiting consultant Jason Diamond. Diamond, who co-authored a report last week on advisor movements in the field, said the company’s strong technical infrastructure had contributed to its recruiting success.

“They do have an outstanding platform,” Diamond said of Morgan Stanley, in an interview. “Certainly in terms of technology and investments, they’re right at the forefront.”

Read more…

 

 

You may also be interested in...

Share
0

About Jason Diamond

Vice President, Senior Consultant. Jason has a unique vantage point that benefits the advisors he counsels—with a combination of knowledge and empathy that few can claim. Learn more...

    Recent News & Articles

    • Realistic Measures: Identifying What’s Portable and What’s Not
    • Why Merrill, Bucking Trend, Won’t Offer Independent Model for Advisors
    • Why Wealth Management is Goldman Sachs’ New ‘Crown Jewel’ with Dealmaking at a Standstill
    • Meet the OSJ: An Option for Advisors Looking for Greater Support in Independence
    • Federal proposal to ban noncompete clauses could affect RIA M&A
    See. Here. Now.
    We're available to answer your questions. Contact us

    Connect with us

    Search

    © 2023 · Diamond Financial Consultants, LLC t/a Diamond Consultants. All rights reserved.*

    • Leading Financial Advisor Recruiting Firm:
    • About
    • Services
    • FAQs
    • Articles
    • Podcast
    • News/Media
    • Tools/Resources
    • Contact
    • Our Locations
    • Privacy Policy
    • Site Map