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What exactly to make of Morgan Stanley poaching robo-talent Naureen Hassan from Schwab on the heels of Greg Fleming's departure

Sure she brings the Schwab robo playbook -- albeit the Reader's Digest version -- but insiders say Jim Rosenthal may have bigger reins for her to take

Author Lisa Shidler February 4, 2016 at 9:56 PM
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Naureen Hassan's departure from Schwab did not necessitate a replacement nor did she take anyone's place at Morgan Stanley -- unless you want to say she replaced Greg Fleming.


Stephen Winks

Stephen Winks

February 5, 2016 — 6:59 PM

Major wirehouses will be taxed to execute strategy outside their comfortable corporate culture. Hassan affords excellent insight into the competitive forces outside of big brokerage that largely is insular to advisory services innovation. In Machiavellian big brokerage culture, will Hassan be given voice? If so, surely Hassan has a major role to play in the industry at large as major brokerage firms must adapt from high cost, low value added product sales/distribution to low cost, high value added advisory services importantly entailing the professional standing of the broker in rendering advice.
Stephen Winks.

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