Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Of the Broker, By the Broker Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 13, 2002

CHOOSING A CHANNEL
Of the Broker, By the Broker

by: Tony Pennino

Morgan Stanley has decided to focus on serving its customers through its broker/dealer channel, a spokesperson with the firm told the MutualFundWire.com. To that end, the firm is selling its self-directed online accounts to Harrisdirect, a unit of the Bank of Montreal.

Investors who work with the firm through a financial advisor will not be affected. These investors will also have continued access to a website designed strictly for them.

"Our clients tell us the customized advice and personal service they receive from their financial advisors help them navigate the complexities of the market, and that's where we are focusing our resources," stated John Schaefer, president of Morgan Stanley Individual Investor Group. "We remain committed to online services for our full-service clients, and we will continue to enhance our online offering to ensure they have access to premier web-based services for the long term."

This move represents a sale of accounts only. No technology is involved in the transfer.

Harrisdirect purchased CSFBdirect back in February. 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use