Smith Barney to Morgan Stanley Transfers

2 replies [Last post]
mfm401kvp's picture
Offline
Joined: 2009-04-27

Hi All!
 
I hope this is the right area for this posting and if not I apologize.
 
I know that Smith Barney/CGMI clients will need to state their intentions in the affirmative as to whether or not they would like to transfer to Morgan Stanley Smith Barney and continue their relationships as usual by the merger date or decline and move to another provider. My question is will this be for all account types on an immediate basis or will certain accounts such as retirement plans for corporations have an extended amount of time make a choice since there are other legal issues associated with the Pension Protection Act and ERISA involved in those decisions?
 
Thank you for any help!
 
 

MSSB1972's picture
Offline
Joined: 2009-06-11

It was actually just the opposite for most accounts: negative consent. Certain account categories received additional disclosures; I am not aware of any account categories that required 'positive consent' to transfer to the JV.

Hydeho's picture
Offline
Joined: 2007-02-23

MSSB1972 wrote:It was actually just the opposite for most accounts: negative consent. Certain account categories received additional disclosures; I am not aware of any account categories that required 'positive consent' to transfer to the JV. Thats how the Wach/PUE JV worked. All negative consent.

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links

 

Careers Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×