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Why Morgan Stanley’s Protocol Rupture Isn’t a Factor for Many Team Departures

Mindy Diamond Quoted - By Murray Coleman, Financial Advisor IQ - Despite reports indicating a bevy of Morgan Stanley advisors are jumping ship now that it’s breaking with industry protocol for handling employment moves, not everyone’s convinced such a policy reversal is behind any new uptick in recruiting activities. In fact, several wealth management headhunters say they doubt it’s even possible from an operational standpoint for newly-minted job changers to spin on a dime.

Financial Advisor-IQ

Mindy Diamond Quoted
By Murray Coleman

Despite reports indicating a bevy of Morgan Stanley advisors are jumping ship now that it’s breaking with industry protocol for handling employment moves, not everyone’s convinced such a policy reversal is behind any new uptick in recruiting activities.

In fact, several wealth management headhunters say they doubt it’s even possible from an operational standpoint for newly-minted job changers to spin on a dime. “These decisions aren’t made over a matter of days or weeks,” says Mindy Diamond, a longtime industry recruiter and consultant.

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