Morgan Stanley Smith Barney
Top 10 U.S. branch manager honoreesPosted by RJ and Makay on Apr 23, 2012 |
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On Wall Street magazine and NYLife/MainStay Investments have announced their joint-sponsored list of the top 10 U.S. branch managers for 2011. Award winners were selected based on branch-wide marketing strategy, the ability to develop and motivate advisors, and dedication to superior client service. All managers demonstrated key leadership skills and solid ethics, and inspired co-workers within the demanding world of financial advice.
The work of financial advisor branch managers has grown more complex as they seek to meet the demands of customers amid greater regulatory scrutiny. New financial products, global events, and the goals of mid-career as well as high-net worth investors place unusual demand on the legions of branch offices throughout the nation.
Morgan Stanley’s head of investment strategy, Paul Hatch, recently spoke on a panel titled “Understanding What Customers Really Want” at Fund Forum USA’s Global Fund Distribution Summit in Boston. Morgan Stanley currently has 4%, or $60 billion of its assets, in alternative investments. Hatch said that the firm would like to increase that to the 15% to 20% range, or as much as $300 billion.
