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&lt;p&gt;It&amp;#8217;s about time that job additions rather than cuts are making news on Wall Street.&lt;/p&gt;&lt;p&gt;According to &lt;em&gt;Investment&lt;/em&gt; &lt;em&gt;News&lt;/em&gt;, Morgan Stanley&amp;nbsp;has been beefing up its wealth management unit, hiring&amp;nbsp;519&amp;nbsp;financial advisors so far this year, compared to the 622 it&amp;nbsp;added in all of 2007. The New York-based&amp;nbsp;firm has also been&amp;nbsp;fattening up its U.S. investment banking operations, picking up some key executives from the famously defunct Bear Stearns, and actively hiring in Asia and the Middle East.&lt;/p&gt;&lt;p&gt;All this is&amp;nbsp;a good sign for investment&amp;nbsp;management and investment banking job seekers alike, since where one bulge bracket&amp;nbsp;firm goes, there are usually a few&amp;nbsp;more not too far behind.&lt;/p&gt;

Derek Loosvelt

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