Morgan Stanley Dean Witter

DO NOT EVER PUT MONEY WITH MORGAN STANLEY. They will take your money every way that they can. They have a service fee for everything and it is frequently taken out of the account. Up to as much as $ 150.00 each time.
I was told they were going to take 1% a year. Turns out the minute they had my money they took money out for managing and it was 1.5%. They did absolutely nothing but park my money in their funds and leave it. I caught on to their game very quick and took my money out right away. I also am requesting a full refund of all fees. Sadly you always read these reviews after you already got screwed by them.

DO NOT PUT ANY MONEY WITH THIS MORGAN STANLEY OFFICE! The brokers there, especially Susan Ziegler, are far more concerned about their own retirement than their clients’ retirement! I think their motto is, «a sucker is born every minute.» Truly, I was stupid and trusted Susan, my «financial adviser,» and was even stupid enough to tell her so! I did not do my due diligence. Don’t make the same mistake I made and trust this woman because she seems so nice.
I am far from wealthy and Susan Ziegler put me in Morgan Stanley loser investments. She even put me in a 2 star Morgan Stanley fund that has LOST MONEY for the past 5 years. ” She never let me know about the downsides of any of the loser investments she put me in. She only told me the positive things. When I finally caught on to her, I asked her why she did that. She said «because there just aren’t that many good Morgan Stanley funds.» When I asked her why only Morgan Stanley funds she wouldn’t answer me. I have since found out that the «financial advisers» there get more clients and a lot of ‘brownie points” from the company by the number of Morgan Stanley investments their clients have. So truly, their system is rigged.
Susan Ziegler even told that every new contribution to my Roth had to be put in the same loser Morgan Stanley fund. And guess what, because I trusted her and I did it. But, hey, if I hadn’t, she wouldn’t have gotten those trailing commissions!
With my savings account (as opposed to my retirement account) Susan Ziegler put ½ of my savings in a bond that doesn’t mature for 30 years! Who the hell in this economy wants their money tied up for 30 years?!
I know I she never told this bond didn’t mature for 30 years! Would I have done this? –What am I stupid?! –Obviously, I am because I was stupid enough to trust her.
She actually wanted me to invest in another bond and when I asked the bond’s rating, I was told, «Bonds don’t have ratings.» –Total and absolute bald-​faced lie! I guess there must have been a helluva commission on this one.
The lack of ethics at this Morgan Stanley office is unbelievable. I don’t know how these people sleep at night. These people are the type that give Wall Street a bad reputation.
I would have been better off doing my own investing. At least I wouldn’t have been stupid enough to put my money in 2 star funds that were losing money. DO NOT GO HERE just to let THEM make money at YOUR LOSS!