RJ & Makay - Morgan Stanley Smith Barney Best Positioned for Growth

Morgan Stanley Smith Barney Best Positioned for Growth

It has now been two months since the joint venture between Morgan Stanley and Smith Barney was finalized (June 1st). This mega brokerage firm with 18,500 Financial Advisors now represents a third of the top 100 Financial Advisors in the country.

On July 22, Gregory Shulas with Fundfire reported their poll which found that Morgan Stanley Smith Barney is the wirehouse best positioned to seize a greater share of clients and new investor accounts in a post-crisis marketplace.

48% of the voters said Morgan Stanley Smith Barney has the greatest potential for expansion. Bank of America/Merrill Lynch was a distant second with 33% of the votes. Wells Fargo an even more distant third with 14%. UBS was so far behind with it’s 5% it couldn’t be found with binoculars.

Mr. Shulas explains that while the poll question was targeted at wealth management industry readers, other subscribers were able to participate as well. FundFire’s primary audience consists of asset managers, institutional investors, consultants, financial advisors and service providers.

-Darin Manis

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