Flipper, faster than lightning

LOL…

Morgan Stanley’s wealth-management arm is having a call for its financial advisers with Pimco executives Monday to hear how the fund firm intends to deal with Mr. Gross’s departure, people familiar with the matter said. While Morgan Stanley has taken no formal action to limit Pimco funds in clients’ portfolios, some Morgan Stanley brokers have been selling in recent days, they say.

It’s a great opportunity for brokers to flip an old Pimco A share into a shiny new C share for that initial one percent commission. Nothing like getting unproductive client assets producing again.

It’s not often that an entire brokerage salesforce is handed a highly defensible, fully compliant fund flip opportunity – complete with well-documented and easily understood investment rationale. Provided the flip is into some other fund family’s shares, the register will most surely ring.

Count on a ton of it happening this month.

Source:

Billions Fly Out the Door at Pimco (Wall Street Journal)

 

What's been said:

Discussions found on the web
  1. ramon commented on Dec 19

    .

    thanks!

  2. Harvey commented on Dec 19

    .

    tnx for info.

  3. Jeremy commented on Jan 23

    .

    tnx for info.

  4. lewis commented on Jan 23

    .

    thanks.

  5. The Natural Penguin commented on Sep 15

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2014/09/28/think-of-the-c-shares/ […]

  6. Bitcoin Evolution Review commented on Sep 22

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2014/09/28/think-of-the-c-shares/ […]

  7. mrdrivewayllc.com commented on Oct 19

    … [Trackback]

    […] Here you can find 50739 additional Information on that Topic: thereformedbroker.com/2014/09/28/think-of-the-c-shares/ […]