RJ and Makay

The wealth management group within Morgan Stanley Smith Barney, has reversed domestic client asset flows to a net positive $2.4 billion in the third quarter. This increase is up from a net loss of $7.9 billion in the second quarter, according to a recent article posted by the Wall Street Journal.

Morgan Stanley Smith Barney, the brokerage joint venture formed in June 2009, has been trying to curtail the loss of financial advisers and their clients, which is a common side effect of large mergers.