The Madison Group - Morgan Stanley
First time poster long time lurker. So I have always worked on the institutional side of finance starting as an Analyst in investment banking and then moving on to LMM PE. Unfortunately, my mother passed away recently and left her money with a financial advisor at Morgan Stanley. I guess the Madison Group is the name of their specific franchise. What I don't understand is how any of these folks are employed. Like I have meet people with a very low competence to ego ratio during my career, but I've never meet people who directly act like they have a "license to steal". Like they swear they are gods gift to Microsoft excel, the princes and princesses of PowerPoint, the dukes of DCF, the earls of EBITDA and the countesses of cash flow. What I am wondering is if all finical advisory groups are difficult to deal with. I've heard J.P. Morgan has the most investor friendly fee structure. Is this the case?
The Madison Group is know for being extremely shady and fing clients. Definitely not thr industry standard.
Based on the most helpful WSO content, financial advisory groups can vary significantly in terms of competence, professionalism, and fee structures. Your experience with the Madison Group at Morgan Stanley seems to reflect frustration with their attitude and approach, which unfortunately isn't uncommon in some corners of the financial advisory world.
Regarding fee structures, J.P. Morgan is often noted for having a more investor-friendly approach compared to some competitors. However, this can depend on the specific advisor or group within the firm. It's worth noting that financial advisors at large institutions like Morgan Stanley or J.P. Morgan operate under different models, and their fee structures, minimum investment requirements, and service quality can vary widely.
If you're dissatisfied with the current advisor, it might be worth exploring other options, including independent advisors or firms with a fiduciary standard, which legally obligates them to act in your best interest. Additionally, you could consider fee-only advisors who charge a flat rate or hourly fee rather than a percentage of assets under management, as this can sometimes align better with client interests.
Sources: Do retail financial advisors provide ANY value??, Ask a bro: Thebrofessor's Q&A, 2016 edition, Calling all Financial Advisors: What products do high net-worth people use to manage their wealth?, Is modeling more difficult in certain sectors versus others?
Cb is know for stealing money for her clients and then trying to call light them. Am awful example of what an i advisor should be.
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