Morgan Stanley Picks Off Merrill Teams in NYC, Florida Managing $4.8 Billion
September 18, 2020
By Mason Braswell
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.
In New York, Louis Meltzer, Jacob M. Dunn and Hadi Fakhoury led a large team to Morgan Stanley that produced around $7 million within Merrill’s private wealth management group for ultra-wealthy clients, said people familiar with their practice. The trio, whose Merrill team website lists two other advisors and six associates, ranks in Forbes best-in-state lists of advisors with $3.3 billion in assets.