Morgan Stanley Hires $1 Billion-Asset Texas Team from UBS
By Vicky Ge Huang
The team of Jeff Parker and Rafael Herrera, who spent their entire two-decade brokerage careers with UBS and predecessor PaineWebber, left Friday for the elite private wealth unit of Morgan Stanley that houses about 250 teams serving very wealthy investors.
The advisors, whose arrival was announced in a press release from Houston complex manager Michael Wesbrooks, were managing about $1 billion, said a person familiar with their practice.
