“Two of the most powerful names in wealth management have joined forces to create a new industry leader.” That's the intro found on the website for the latest corporate monstrosity, Morgan Stanley Smith Barney. It continues, “In a financial world that’s being remade, Morgan Stanley’s global wealth management business and Smith Barney have joined forces to offer you thinking and resources to fit the times.”
Translation: “We're fucked and had to merge resources. This sucks less than our other options...”
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