Morgan Stanley Reshuffles Wealth Management Regional Leadership

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Morgan Stanley is revamping the field leadership for its wealth management unit, consolidating seven regions into four and adding new positions focused on recruiting and financial planning.

The changes, announced in an internal memo by Vince Lumia, Morgan Stanley’s head of field management, come as part of an effort to integrate the fast-growing advisor business with the E*Trade platform and workplace offerings for corporate clients.

“[T]he…