Morgan Stanley Sets 90-day Limit per Year on Working from Home
This likely is a move in the wrong direction
Morgan Stanley is continuing its back-to-office push by limiting the number of days its advisors can work from home.
Beginning July 1, advisors will be limited to 90 days of remote work a year, according to Morgan Stanley. Advisors can apply for an alternate work location, but manager approval will be required, the company says.
Criteria such as length of service and membership of production-based recognition clubs will be applied for the alternate work location, and the advisors working remotely will face periodic remote inspections, according to Morgan Stanley. The wirehouse had 15,950 advisors as of the end of 2020, which was the last time it reported advisor headcount.
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