In the following video, Motley Fool financial analyst Matt Koppenheffer talks about Morgan Stanley's (NYSE:MS) efforts to get its investment bankers and traders working cohesively with its brokers and wealth managers. While this has been difficult traditionally as the investment bankers often consider themselves to be above the level of wealth management, in this video, Matt highlights some possible synergies that could be very beneficial to both sides. He also says that the Morgan Stanley is going to need all the synergies it can get, as the company and its recent acquisition of the rest of Smith Barney will have a tough competitive fight ahead of them against Bank of America's (NYSE:BAC) Merrill unit.
Matt Koppenheffer owns shares of Bank of America and Morgan Stanley. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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