Despite telling Morgan Stanley’s legal counsel that he and Anna Gristina/Scotland were merely “friends” as opposed to partners in a whorehouse that he was supposedly trying to help her line up financing for, broker David Walker, who has not been charged with anything, has been put on administrative leave “until the Manhattan district attorney’s office concludes its investigation.” [FBN, earlier]
Comments (63)
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Financial planners are usually paid in one of two ways: Either through fee-only, which can be a set fee, hourly, retainer or a percentage of the assets they manage for you, or through commission, which means the planner is paid each time he buys or sells an investment.Fee-only payment structures can be more desirable to some clients, as there’s no financial incentive based on assets under management for a planner to buy or sell, whereas working on commission encourages planners to make trades, rather than solely look out for your best interest—called a “fiduciary” duty. (You want to be sure that the planner you choose is a fiduciary.)
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4. She Doesn’t Ask About Your Financial Goals
“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
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5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
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What I don't understand is why the dude said anything at all to the press. Oh what a tangled web…
Knife fights, brothels, what's next at Morgan Stanley, a move into loan sharking?
Hello!? Free vacation days baby!
-David Walker
Good judgement doesn't seem to be his strong suit…
Anyone have first year Brothel Analyst numbers at MS?
I'm more interested in what kind of stipend is involved
All I know is that the whore house deal probably would have worked.
-AIG Recipient
David,
Give us a call.
ACORN
"your dad is a real asshole"
"that's not my dad, that's our Morgan Stanley guy"
They have been running a brothel out of Minetta's for years. Just go into the men's bathroom and knock on the stall twice around midday. Otherwise just stand outside and smoke a cig and they will know what you want.
No problem. If you need me I will be on E 78th St.
- David Walker
If he worked for us, we'd securitize the coochie! In fact, a one hour CDO on the john actually paying makes sense too.
Oh, this is nothing. . . http://www.observer.com/1999/09/morgan-stanleys-s…
You're excused, as a female you probably don't know that it takes a proper amount of time to fully enjoy Ultra Elite Models. Now he has that time…
Don't ~ cry~ for ~me ~Anna ~Gristina……..
The~ truth is ….I never really considered you a ~business ~partner….
Hmmm, in reviewing the company calendar it seems that Mr. Walker and every other male employee on this floor have scheduled twice weekly meetings with "Anna Scotland et al." How strange…
- David Walker's PA
Hey!
-Smoker/Fighter Fellow
Solid find.
.
Loan sharks with boomerangs mounted on their heads?
To: J. Gorman
From: HR
RE: "Administrative leave"
You did want us to prepare the standard exit package again, correct?
We also await your instruction as to when we should update the Employee Handbook to add "knifing incidents" and "contact with purveyors of prostitutes" as firable offenses. Before or after the "administrative leave" ends?
Why is this illegal anyway?
-Guy who has noted things that are legal in the Dominion of Canada which have not caused that country to descend into a state of apocalyptic chaos.
Please note Brothel Analysts are compensated by the hour, so not directly comparable to other depts.
I think it will be found that this investment falls outside the Volcker Rule so they should be fine.
-Above the Law Wonk
Clearly you missed Game 7 of the Stanley Cup last year.
-Guy who shares your views on the criminalization of prostitution and also really hopes Matt isn't to tuckered out from Governance Day to put together a DCF of Anna Gristina's potential online venture.
Woo, hoo. Four day weekend.
All I know is that when the online brothel bubble pops it's going to leave a lot of people feeling shameful and lonely…
I'm sorry, I don't understand what you're trying to say. What should I note?
Oh, gotcha. Thanks!
Sharks with laser beams
This comment sucks on so many levels
WHY IS THIS BEING DOWN-VOTED??
"Also in July, Brett Henderson, a banking analyst based in Menlo Park, Calif., was fired for insider trading after leaving a list of his illegal trades on the office photocopier"
Amazingly, the SEC wouldn't find this as evidence to prosecute in today’s world.
hmm…
actual whores, and not a peep out of Rush.
Well, no matter what happens, I'd better get my hour tonight. I'm already wearing the butt plug.
Dogs with bees in their mouths
Alright! That's it for me. Goodnight everybody.
Aw, I suck at posting today! Crap.
MSSB should really make up its mind. Do they want me to find new clients with growing web-based businesses or not. Jeez…
When you're banging "The Ultra Elite", you want the world to know.
Hey! She was a multimillion dollar prospect – isn't that what I get paid to bring in?
Ultra Elite Models that are prude.
MS HR
http://abovethelaw.com/2012/03/a-models-fat-ass-g…
"Curry, a young black analyst who had been fired from the firm for padding his expenses (if not for appearing naked and aroused in a gay pornographic magazine"
Christian, we're hiring. Call me!
- Ping
Blast from the past! You remember the MS guy dropping bricks from his apartment roof onto police cars and anything else that moved at street level?
I love that bank. It's always been like GS wit a meth habit.
While not as physically destructive, Kimball has done a good job at damaging their reputation.
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