UPDATE 1-Morgan Stanley shifts broker bonuses to reward growth
Posted on December 06, 2012 at 21:49 PM EST
Dec 6 (Reuters) - Morgan Stanley's wealth division, in a change to how it rewards its increasingly important brokerage force, is cutting bonuses tied to the revenue that advisers generate, but also offering discounted stock and new incentives to brokers if they bring in new assets and get their clients to borrow money.
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