Morgan Stanley is continuing its back-to-office push by limiting the number of days its advisors can work from home.

Beginning July 1, advisors will be limited to 90 days of remote work a year, according to Morgan Stanley. Advisors can apply for an alternate work location, but manager approval will be required, the company says.

Criteria such as length of service and membership of production-based recognition clubs will be applied for the alternate work location, and the advisors working remotely will face periodic remote inspections, according to Morgan Stanley. The wirehouse had 15,950 advisors as of the end of 2020, which was the last time it reported advisor headcount.

“We developed our long term approach in consultation with advisors and are offering different options to enable them to maintain flexibility that balances their needs as well as those of our clients and our business,” according to a statement from Morgan Stanley. “Flexibility options will differ by employee based upon role and eligibility.”

Morgan Stanley’s latest work arrangements were first reported by AdvisorHub.

Taking into account guidance from medical and government authorities, Morgan Stanley has been encouraging staff to return to the office, as reported. However, the firm’s return-to-office plans and timing have differed by division, business, and teams, as well as by geography.

While Merrill Lynch does not have a vaccine mandate, the firm is “strongly encouraging” its employees to get fully vaccinated, including boosters, a spokesperson told FA-IQ in February, as reported.

Last month, Wells Fargo said it would return most of its staff back to the office on March 14, allowing most to work on a hybrid model.

As of last month, Merrill Lynch employees were gradually returning to offices, according to a spokesperson. While Merrill does not have a vaccine mandate, the firm is “strongly encouraging” its employees to get fully vaccinated, including boosters, the spokesperson added at the time.

In an op-ed for Time magazine in August last year, UBS chief executive officer Ralph Hamers wrote that the financial industry should adopt hybrid work arrangements.

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