Morgan Stanley

My mom has been with Morgan Stanley for over 15 years. A few years ago, I was asked to help her with her finances. I met her adviser, Mitch and went over her financial life. Mitch is a good guy, who seems to really care about my mom’s portfolio. I know she’s far from his richest client, and she is only 5 years from retirement so we’re happy to get the extra attention. I also have a friend who used to work for Morgan Stanley in Walnut Creek. He loved his time there and speaks very highly of the people in the office.
JF would have you believe that Morgan Stanley completely failed him. Granted, I don’t know how much of his portfolio 7k was (was it 1% or 50%). Just know that JF seemed to complain about losses during one of the worst stretches for «the market» we’ve had in decades.
Visit Morgan Stanley, ask questions and do your homework. Remember that no adviser is perfect; its up to them to explain your options, and its up to you to make the final decisions. Anyone who tells you otherwise doesn’t belong anywhere near your investments.

If I could give no stars, I would. I met with an advisor and he assured me I would not have to compulsively check my stocks because that’s their job. Right. So a few months in and the mortgage backed securities and all their mutual funds containing said securities start to tank. I’m not paying attention to the mutual funds because they are pretty safe, right? I have an advisor and that is his job. Now we are 7 K lighter. Thanks Morgan Stanley. I’m not with MS any longer.