April 9, 2021
By Mason Braswell
Morgan Stanley Wealth Management has hired a four-person private wealth management team generating $4 million in annual revenue at UBS Wealth Management USA in Chicago, according to a person familiar with the move.
Fei Wang, Michael DiCosola, and team joined Morgan Stanley on April 1, according to their BrokerCheck records. The team had overseen $400 million in client assets at UBS, according to the source.
Wang started his career at H&R Block Financial Advisors in 2000. He also worked at Van Kampen Funds, and J.P. Morgan Securities and predecessor Banc One Securities before joining UBS in 2008, according to BrokerCheck.