Morgan Stanley’s outstanding balance of forgivable recruiting loans for advisors increased by 12%, or $520 million, last year, reaching nearly $4.9 billion. This surge, detailed in the firm’s annual SEC filing, indicates a continued aggressive recruitment strategy, contrasting with the prior year’s flat growth in loan balances. The loans are forgiven over time as advisors remain with the firm, and the increase reflects a rise in new recruits, including large teams from competitors like UBS and Merrill Lynch.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morgan Stanley Recruiting Loan Tab Nears $5 Billion
Morgan Stanley’s outstanding balance of forgivable recruiting loans for advisors increased by 12%, or $520 million, last year, reaching nearly $4.9 billion. This surge, detailed in the firm’s annual SEC filing, indicates a continued aggressive recruitment strategy, contrasting with the prior year’s flat growth in loan balances. The loans are forgiven over time as advisors remain with the firm, and the increase reflects a rise in new recruits, including large teams from competitors like UBS and Merrill Lynch.