Morgan Stanley fires 10 reps over account takeovers from retired advisers
The terminations raise questions about the company's former advisor program known as FAP
Morgan Stanley last week fired 10 reps after reviewing a program designed for advisers who retire from the firm and hand over their books of business to a younger colleague, according to an industry source who asked not to be identified.
The intent of such an inherited client account program is
Learn more about reprints and licensing for this article.
