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October 10, 2011
Morgan Stanley Tops Inaugural All-America Sales Team
Which firms field the best teams when it comes to U.S. equity research sales? In Institutional Investor’s inaugural All-America Sales Team, Morgan Stanley takes the top spot.
What with monitoring market activity and economic data, meeting with managements and kicking the tires, so to speak, at the companies they cover, sell-side equity analysts dont have as much time as they might like for direct interaction with clients. That role often falls to the members of a firms sales team, who promote the analysts research, arrange meetings with corporate executives, coordinate road shows and perform a thousand other tasks that fall under the general heading of customer service.
A good institutional sales team understands research from the clients perspective, one U.S.-based participant in the 2011 All-America Research Team told Institutional Investor. (We keep confidential the identities of the survey respondents and their firms to ensure their continuing cooperation.) The team has to have a good understanding of our investment process and recommend research that fits our style.
We asked this money manager and others who cast votes in this years survey to tell us which firms field the best teams when it comes to U.S. equity research sales. We heard from investment professionals at roughly 90 percent of the participating buy-side institutions; these firms control three out of every four of the $12.7 trillion invested in U.S. equities. (In the navigation table to the right, click on Methodology for more information about how this ranking was compiled.)
When it comes to sales, Morgan Stanley is the clear favorite and takes the top spot on the inaugural All-America Sales Team. ....