“The shift continues a whirlwind of branch management changes in the wirehouse’s south Florida market, where broker exits have been accelerating, according to headhunters.”“Byrnes did not return a call for comment on his new role. His remit will be in central Pennsylvania, a Morgan Stanley spokeswoman confirmed.”
“His Florida post will be filled on an interim basis by Michael Higgins, Morgan Stanley’s North Palm Beach/Boca East manager, the sources said. The complex also includes offices in West Palm Beach, Stuart, Melbourne, Palm Beach Gardens and Vero Beach.”
“Byrnes had been running the complex since January 2017, after he stepped down from overseeing the Southeast region as part of a reorganization.”
In other words, job security is minimal, and you can be picked up and shipped off to a new geography at a moments notice. And be careful, that new hire advisor could slip up and cost you your job. Management in the world of financial advisors is a risky, risky game.