In 2021, Morgan Stanley Wealth Management published the Emerging Trends of High Performing Teams white paper which explored best practices, key challenges, and emerging trends of our high-performing teams. One of the key trends identified in this paper is that teams are getting larger in size.
“Mega Teams” consist of five or more Financial Advisors; a segment of our Firm’s teaming population that has grown in number by 83% over the last four years (2018-1Q2022).1 An interesting facet of the growth in Mega Teams is that it occurred during the pandemic. Our research, and the many interviews conducted as part of this project, suggest this trend will continue to gain momentum long after the pandemic has subsided.
