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Jun 4, 2010 6:49 pm

Now serving number 17, 457 press 1 for mutual funds, press 2 for munis........

Ouch welcome to walmart

Exclusive: Morgan Stanley courts lower-tier advisers

http://www.reuters.com/article/idUSTRE65347J20100604

Jun 18, 2010 12:57 am

Yes indeed... It's all about headcount and little else. Quantity not quality. Is 17,457 the actual new headcount? Seems like at some point, mgmt would realize it's easier, cheaper, and better to concentrate on retention; rather than endless recruiting and god forbid... a new round of training.

Jun 18, 2010 11:47 am

It is cheaper than training people for 3 years and figuring out they won't make it..