Not exact matches
NEW YORK (Reuters)- Wary of brokers who make their
money by «riding the calendar» of new stock and bond issues rather than patiently building the
firm's wealth
management business, Morgan Stanley is cracking down
where it hurts the most: compensation.
In 1995 I started Daruma with zero assets under
management, but with a clear goal: to build an investment
firm where the business of
money management would never interfere with my calling as a portfolio manager.
With over 85 mutual fund, investment fund and
money management firms and companies offering 4000 or more mutual funds how does the mutual fund investor know
where to go and what to do.
[133] Resource allocation obviously also addresses
where the
firm spends its
money: lawyer support services (including professional support lawyers, libraries and knowledge
management systems, research lawyers), business development budgets (including large marketing departments), professional development staff and programs (including internal programs within large
firms, which may be delivered by outside consultants, as well as sending associates to various programs), as well as art and office furnishings.
But how a law
firm or its executive
management choose to allocate that
money can make the difference between a law
firm that fosters a culture of cohesion and collaboration or
where the battle for a bigger share of a finite pie promotes a culture of «me vs. them» competition.