Reuters reported last month that, according to its sources, Morgan Stanley Smith Barney's new brokerage technology platform has been beset by glitches that have frustrated the firm's financial advisers and made a long and costly merger more expensive.
Reuters has now reported that its sources say that several dozen Morgan Stanley Smith Barney advisers who manage tens of billions of dollars of client money are considering leaving the firm, saying that widespread technology problems have made it very difficult for them to do their jobs.
The group is even said to have hired a lawyer to argue that they should be able to keep lucrative retention payments even if they quit.
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