Smith Barney to Morgan Stanley Transfers

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Apr 27, 2009 1:01 pm

Hi All!

 
I hope this is the right area for this posting and if not I apologize.
 
I know that Smith Barney/CGMI clients will need to state their intentions in the affirmative as to whether or not they would like to transfer to Morgan Stanley Smith Barney and continue their relationships as usual by the merger date or decline and move to another provider. My question is will this be for all account types on an immediate basis or will certain accounts such as retirement plans for corporations have an extended amount of time make a choice since there are other legal issues associated with the Pension Protection Act and ERISA involved in those decisions?
 
Thank you for any help!
 
 
Jun 12, 2009 1:13 am

It was actually just the opposite for most accounts: negative consent. Certain account categories received additional disclosures; I am not aware of any account categories that required 'positive consent' to transfer to the JV.

Jun 12, 2009 7:15 pm
MSSB1972:

It was actually just the opposite for most accounts: negative consent. Certain account categories received additional disclosures; I am not aware of any account categories that required 'positive consent' to transfer to the JV.



Thats how the Wach/PUE JV worked. All negative consent.