Vanguard funds no longer available at Morgan Stanley

[MichaelB]

Here's a media report that Morgan Stanley, a financial services company, will no longer offer Vanguard funds to its account holders. Probably too little / too late, but others may follow. It'll be interesting to see how the account holders react.

Morgan Stanley is slamming the door on selling Vanguard Group mutual funds, the latest attempt by a big brokerage firm to retaliate against the low-cost fund giant for refusing to pay for access to its salesforce.

As of Monday, May 8, the world’s biggest brokerage firm as measured by its 15,800 brokers will not permit them to sell new mutual funds managed by the world’s fastest-growing asset manager to clients, a company spokeswoman confirmed. Customers holding Vanguard funds can add to their positions through the first quarter of 2018, and none will be forced to liquidate their Vanguard holdings, she said.

https://advisorhub.com/exclusive-morgan-stanley-purges-vanguard-mutual-funds/