The Measure Would Not Involve Brokers

Morgan Stanley Plans More Cuts in its Wealth Management Staff


Author: Funds Society, Miami

  1. The cuts would affect less than 1% of employees in the wealth management business, which employs some 40,000 people and is the firm's largest unit
  2. However, brokers and their support teams would not be affected by the layoffs, according to the specialized media citing the Wall Street Journal