A Good Idea on the Eve of MLK Day
Morgan Stanley Smith Barney announced this week that next Monday - Martin Luther King, Jr. Day - it would be going live with a blog that will provide a forum for "people of diverse backgrounds interested in careers as financial advisors."
The goal of the site (www.multiculturalfaforum.com) for Morgan Stanley Smith Barney is to tap into an underutilized segment with the hope of finding financial advisors with unique backgrounds. The firm has already done something similar to this with its Women Financial Advisors Forum, which launched in July 2009 and has attracted more than 70,000 visitors.
It's a sharp move and I'm surprised that more firms have not created similar sites. I'm not quite sure if there are rules against this (I'm going to look into this, and I would appreciate any insight that readers/subscribers might have on the subject), but if Morgan Stanley Smith Barney - or another firm for that matter - can find a way to tap the site (or a similar site) into business schools from around the country, it could create an invaluable pipeline of potential advisors.
Also, be sure to listen to our podcast with Confluence's Kirk Botula on why hedge funds and mutual funds plan on cleaning up their back offices during 2011 due to changes in the regulatory environment. Additionally, there were several major people moves announced during the course of this week by Calypso, Omgeo, Investment Solutions, BI-SAM and ISDA.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza