{"id":1332,"date":"2013-10-26T16:37:08","date_gmt":"2013-10-26T16:37:08","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/10\/merrill_lynch_morgan_stanley_c"},"modified":"2022-03-10T16:38:56","modified_gmt":"2022-03-10T22:38:56","slug":"merrill-lynch-morgan-stanley-c","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/","title":{"rendered":"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce"},"content":{"rendered":"<p>\t\t\t\t<a href=\"https:\/\/www.investorlawyers.com\/bank-of-america-background-information.html\">Bank of America Corp. (BAC) <\/a>and <a href=\"https:\/\/www.investorlawyers.com\/morgan-stanley-background-information.html\">Morgan Stanley (MS)<\/a>, which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using big bonuses to keep their own brokers and lure each other&#8217;s brokers away. Bank of America Corp. owns <a href=\"https:\/\/www.investorlawyers.com\/merrill-lynch-background-information.html\">Merrill Lynch (MER)<\/a>.<\/p>\n<p>After payments tied to Bank of America&#8217;s purchase of Merill Lynch expire in approximately two years, new retention bonuses will no longer be offered to the latter&#8217;s lead performers. Also, Morgan Stanley&#8217;s chief executive James Gorman has said that with brokers seeking to switch firms less often, compensation costs could fall.<\/p>\n<p>A decline in recruiting could push up broker-dealer profits, which has been held back because of the fight between firms for the leading advisers. Some brokers have even been offered multiple times their yearly salary to move and bring their client roster with them.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/\"  title=\"Continue Reading Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America Corp. (BAC) and Morgan Stanley (MS), which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using big bonuses to keep their own brokers and lure each other&#8217;s brokers away. Bank of America Corp. owns Merrill Lynch (MER). After payments tied to Bank of America&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3800,3787],"tags":[],"class_list":["post-1332","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-merrill-lynch","category-morgan-stanley"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce &#8212; Investor Lawyers Blog &#8212; October 26, 2013<\/title>\n<meta name=\"description\" content=\"Bank of America Corp. (BAC) and Morgan Stanley (MS), which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using &#8212; October 26, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce &#8212; Investor Lawyers Blog &#8212; October 26, 2013\" \/>\n<meta name=\"twitter:description\" content=\"Bank of America Corp. (BAC) and Morgan Stanley (MS), which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using &#8212; October 26, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce &#8212; Investor Lawyers Blog &#8212; October 26, 2013","description":"Bank of America Corp. (BAC) and Morgan Stanley (MS), which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using &#8212; October 26, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/","twitter_card":"summary_large_image","twitter_title":"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce &#8212; Investor Lawyers Blog &#8212; October 26, 2013","twitter_description":"Bank of America Corp. (BAC) and Morgan Stanley (MS), which own the largest brokerage firms in the world, are declaring a cease-fire when it comes to using &#8212; October 26, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce","datePublished":"2013-10-26T16:37:08+00:00","dateModified":"2022-03-10T22:38:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/"},"wordCount":538,"articleSection":["Financial Firms","Merrill Lynch","Morgan Stanley"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/","url":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-morgan-stanley-c\/","name":"Merrill Lynch, Morgan Stanley Call A Broker Recruiting Truce &#8212; Investor Lawyers Blog &#8212; October 26, 2013","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2013-10-26T16:37:08+00:00","dateModified":"2022-03-10T22:38:56+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Bank of America Corp. 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