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$3.2-Mln Merrill Team Jumps to UBS in TN, Another in AL Joins Morgan Stanley

$3.2-Mln Merrill Team Jumps to UBS in TN, Another in AL Joins Morgan Stanley

By AdvisorHub Staff – A five-member Knoxville, Tennessee team this week joined UBS Wealth Management USA, exiting Merrill Lynch, where it produced $3.2 million in annual production on $596 million in client assets, according to a source.

Morgan Stanley Snags Six-Advisor UBS Team in D.C. With Billion-Dollar Book

Morgan Stanley Snags Six-Advisor UBS Team in D.C. With Billion-Dollar Book

By AdvisorHub Staff – Morgan Stanley Wealth Management continues to flex its recruiting muscle and has snagged a six-advisor team from UBS Wealth Management USA in Washington, D.C. that had managed $1 billion in client assets, according to a person familiar with the moves.

Morgan Stanley Picks Off Merrill Teams in NYC, Florida Managing $4.8 Billion

Morgan Stanley Picks Off Merrill Teams in NYC, Florida Managing $4.8 Billion

By Mason Braswell, AdvisorHub – Morgan Stanley on Friday landed Merrill Lynch teams managing about $4.4 billion in New York and $400 million in Florida, part of a hiring haul that added dozens of advisors and staff to its national roster ahead of the weekend, according to people familiar with the moves.

Merrill Lynch nabs $1B team from UBS

Merrill Lynch nabs $1B team from UBS

Mindy Diamond Quoted – By Sarah Martinson, OnWallStreet – Despite a planned recruiting slowdown, Merrill Lynch continues to land new teams. The firm’s newest hires, who oversaw $1 billion team in client assets, come from rival UBS and follow on the heels of an equally large hire.

Brian Bogart, Adam Giles & Peter Knoer of the Bogart Group

Brian Bogart, Adam Giles & Peter Knoer of the Bogart Group

By Andrew Welsch, OnWallStreet – A team producing $4.2 million has joined Morgan Stanley. The team, known as the Bogart Group, left RBC Wealth Management-U.S. to join Morgan in McLean, Va., last month, a firm spokeswoman said. The group had been managing $622 million in assets while at RBC.

Barclays Advisor with $960M AUM Joins Morgan Stanley

Barclays Advisor with $960M AUM Joins Morgan Stanley

By Andrew Welsch, OnWallStreet – Former Barclays advisor James Fitzgerald joined Morgan in New York. While at the British firm he generated more than $1 million in annual production and oversaw $960 million in client assets, according to Morgan. He reports to Complex Manager Ben Firestein.

$320M Advisor Joins UBS from Credit Suisse

$320M Advisor Joins UBS from Credit Suisse

By Andrew Welsch, OnWallStreet – A fifth advisor moving to UBS, Mark Hutchinson, joined the firm’s Chicago office from Credit Suisse. Hutchinson oversaw $320 million in client assets and had an annual production of $2.23 million while at the firm, according to the UBS. Hutchinson will report to UBS’ Chicago private wealth management market head Mike Gatewood, and focus on ultrahigh-net worth clients.

Morgan Grabs $3.3M Producer From UBS

Morgan Grabs $3.3M Producer From UBS

By Shreya Agarwal, OnWallStreet – Morgan Stanley clinched a $3.3 million producer from rival UBS. Marc Kessler managed client assets worth $658 million while at UBS before making the move, according to On Wall Street’s Top 40 Under 40 rankings.  Kessler was featured as No. 27 on the original ranking, based on production figures. A second ranking, according to AUM, dropped him to No. 16.

Morgan Stanley nabs $6.5B Merrill Lynch private wealth team

Morgan Stanley nabs $6.5B Merrill Lynch private wealth team

By Mason Braswell, InvestmentNews – Morgan Stanley Wealth Management has kicked off the recruiting year with the high profile hire of a trio of elite Bank of America Merrill Lynch advisers in Chicago. Veteran Merrill advisers Linda J. Stephans, Kristina Van Liew and Erik Oiler, who led a team of nine as part of Merrill Lynch’s Private Banking and Investment Group, a specialized unit for around 150 teams working with ultra-wealthy clients, jumped to Morgan Stanley on Friday, according to registration records with the Securities and Exchange Commission.

Robert Iocco & Francis Ciocari

Robert Iocco & Francis Ciocari

By Corrie Driebusch, The Wall Street Journal – Four teams of brokers managing more than $765 million combined in client assets joined the wealth management arm of Morgan Stanley (MS) on Friday from Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC).

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