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Wealth management needs will soar, says report, but many current wealth managers won't, commodities were the one bright investment spot last week, and Kestra Private Wealth brings on a $150 million team.
Industry recruiters said the move, which takes effect on Friday, will allow Morgan Stanley to act more aggressively to keep its top advisers and help it fight for the clients of those who do leave.
The report is the third of four expected from Treasury as it completes a comprehensive review of existing financial rules, as mandated by an executive order from President Donald Trump in February.