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 4746 times
Rate this item
(0 votes)

Visit other PMG Sites: