The Corvus Group - Morgan Stanley

Most Recent Comments

• May 2024 by Ronald B.
  I initially thought they were good, but no longer think so. There are constant errors that I find that I need to correct. I pay high fees, but don't get high service.
• September 2022 by Jon H.
  I'm not surprised to see Morgan Stanley has so many unhappy ex clients. I was first sold a variable annuity and fixed annuity when I was a financially ignorant 28 year old. I've been told that's not good investment advice for a 28 year old. Morgan Stanley broker made a nice commission. These annuities also have high fees. When my mom passed and left me some blue chip dividend paying stocks, I was advised to sell them and invest in Templeton World Fund with a 5.5% front load that has turned out to be a horrible investment over the decades I've held it. When I bought it in 1987 there were no no-load funds. Again, Morgan Stanley broker made nice commission, but I was screwed again.Fast forward to early 2022, when I first contacted Morgan Stanley in Bellevue WA. to change allocations in my variable annuity due to being in a bubble with too much in high growth for someone my age. They finally got back to me months later, after the markets crashed and I lost over 200K and tried to get me to sell into a down market, which I didn't want to do. At that time I had unpleasant words with the broker, since I had been trying to get a hold of them when the markets were up and got no response until after markets crashed. I was asked to move my account to another brokerage because Morgan Stanley broker felt "threatened". They should feel threatened if they lose that kind of money for their other possibly unstable clients, due to being asleep at the switch and unresponsive.Even I knew we were in a bubble and wanted to get out at the top, but they didn't get back to me until the markets crashed. I also suspect some possible theft from my annuity, but can't prove it. I have SEC looking into it, but won't hold my breath. I was also charged $150 per year service charge for bad advice and no service. I would strongly recommend you don't do business with Morgan Stanley, after my experience with them. You can get better service with a low fee outfit like Vanguard.After Morgan Stanley made their commissions on me, I never heard from them for over 30 years. You would think they would at least check in with you once a year, but I guess they're too busy spending their commissions.
• November 2021 by Joey S.
  This place is ridiculous. The fees are astounding and the service is dismal. WeBull/Robinhood/Fidelity/TD are leaps and bounds above MS. Avoid at all costs - they are simply not up to par with today's fast market.
• April 2020 by Nora L.
  Very disappointed with service. My mother has been with them for many years; the broker she worked with retired and her accounts were transferred to Sean McKenna. Soon afterwards, he recommended redistributing a portion of her assets, which I agreed to. Unfortunately, I now find out that he did not follow through as we had agreed. His communication and follow through has been poor. He has called once to manage her portfolio in almost 2 years. He noted that my mother is paying few or no fees; that's his policy and we would have been happy to pay for appropriate service. We have decided to move all of her assets (considerable) to another financial services company. Stay away!