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ValueAct likes Morgan Stanley’s shift to asset-light, fee-based businesses such as wealth and investment management, and said CEO James Gorman has shifted the bank to “growing fee streams that do not require much equity capital to grow.”
By Beth JinksAugust 16 -
The activist views LPL Financial as undervalued and may seek talks with management and the board on strategic and operational changes.
By Beth JinksSeptember 22