Matt Lynch, CEO of Strategy & Resources and a moderator at the upcoming WealthManagement.com Executive Forum in New York City, discusses how the relationship between advisors and their broker/dealers is changing.
As one of the largest RIAs in the country, we could have thrown our weight around ages ago. Instead, while others scrambled to change their business models, we just kept quietly building.
Morgan Stanley has made wealth management a much bigger part of its business since the 2007-2009 financial crisis, when it agreed to acquire Smith Barney and create one of the largest U.S. brokerages.