Rich Compensation Packages Keep Morgan Stanley Profit Margins In Check Hot

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Morgan trimmed a net 168 advisors from its payroll over the last quarter, but total compensation still edged up 1% -- $25 million, which means each advisor's personal take in the quarter edged up about $2,400 on average.

 

That's not an enormous quarter-to-quarter bump, but when you consider that overall AUM and profitability dipped 1% over the same period, it's not really encouraging.

 

As it is, Morgan squeezes a 9% margin on its business. Wall Street and management alike want them to be generating 20%. Is that even possible?

 

 

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