Estimated reading time: 0 minutes, 21 seconds

Morgan Stanley to Cut Fees Despite Fiduciary Rule Uncertainty

Morgan Stanley plans to cut its fees and make other changes that would be required under the Department of Labor’s Fiduciary Standard rule even though the requirement may be terminated by President Trump. So reports Bloomberg.

In a memo to Morgan Stanley employees, two executives from the firm explain that they believe serving clients requires that the advisory shop improve how it treats its clients.

Read the full article from Bloomberg.

Read 4685 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.