Pros
I truly believe this to be one of the great firms on the Street. In my opinion the I Bank, M&A, research, and Capital Markets operations are second to none.
Cons
Financial Advisors are lately talking to their clients about the fact that the market as a whole has been focused on the macro issues and largely ignoring fundamentals, thus missing huge opportunities. MSSB is having the same problems. The senior leadership at the firm is quite frankly outstanding, however, they have not addressed the disparity between the MS and SB offices whatsoever. While spending their time worrying about the "big issues" branch support has fallen drastically, the average age of advisors continues to climb and their training program remains a largely ineffectual avenue for promoting "organic growth" .