Big Brokerage Veteran Embraces CU Culture
Like some financial advisers after the 2009 merger of brokerage giants Morgan Stanley and Smith Barney, Michael Salardino said he had grown frustrated with the changes the trillion-dollar consolidation brought on.
So much so that he was more open to other opportunities to work elsewhere but acknowledged he wasn’t actively looking at the time.
Since coming aboard, his main priority has been transitioning clients that followed him MSSB to Security Service. Salardino said he was concerned that he would lose many of those relationships he had built at the brokerage. However, 80% of them came over. With the recent upheavals in the market, a bulk of his time has been spent counseling nervous investors.
“It’s been very intense with the roller coaster markets. I try to be very proactive,” he said.