PLANO, TX, November 29, 2017 – Morgan Stanley’s action this month to pull out of the broker recruiting protocol immediately triggered speculation about other firms possibly pulling out and predictions that advisors would suddenly be subject to more litigation if they strayed.
In reality, there may not be much impact. Protocol or no protocol, many outside observers expect brokers to move around just like they always have—and their clients will follow just as they have in the past.
Morgan’s move is “much ado about nothing,” added Tim White, a managing partner at Kaye/Bassman Intl. Corp., a recruitment firm. “I don’t think it makes any difference. If firms want talent, they’re going to find ways to get it, [and] clients can do business with anyone they want.”
About Kaye/Bassman
Kaye/Bassman was founded in 1981 with a mission to positively impact companies and enhance careers by providing the best in professional, executive, technical and scientific search. We’re a Dallas recruiting and search firm providing global recruiting solutions with full range of permanent placement options ranging from retained and/or contingency search. We focus in healthcare recruiting, energy recruiting, insurance recruiting, banking recruiting, pharmaceutical recruiting, medical device recruiting, and over 15 other recruiting specialty practice areas.
Contact:
Eric Dickerson
Managing Director
ericd@kbic.com