CEO James Gorman is leaning on the wealth-management division to help reach profitability targets. Most brokers to generate 10% more revenue to avoid a pay cut next year.
| less than a minute read
Morgan Stanley raises hurdles for brokers’ compensation
Get in touch
Get in touch
The grid, which rewards advisers with bigger percentages the more revenue they bring in, will be unchanged at the top threshold of $5 million, which results in payouts from 51.5 percent to 55.5 percent, depending on how long the broker has worked at Morgan Stanley. The firm last modified the grid in 2014, when thresholds for lower-producing financial advisers were increased by 10 percent, the person said.
Get in touch
Get in touch
