According to AdvisorHub, as Morgan Stanley looks to get employees back in the office, the company has set a 90-day cap on remote work per year. Advisors seeking additional time to work remotely will have to apply for another work location.
Eligibility for remote work will be based on certain criteria, including length of service or membership in production-based recognition clubs and manager approval. Advisors working from alternative remote locations will be subject to additional supervisory requirements.
A Morgan Stanley spokesperson stated, the company will offer different options to enable advisors the ability to maintain their flexibility. The options will balance the needs of advisors and those of Morgan Stanley's clients.
Morgan Stanley is considering the Financial Industry Regulatory Authority's (FINRA) guidelines for remote supervision. Recently, FINRA stated it had submitted changes to its rules on registration of remote offices and remote inspections to the Securities and Exchange Commission (SEC) for review.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
