Morgan Stanley Smith Barney hires UBS advisers
Morgan Stanley Smith Barney has hired two adviser teams from UBS AG and one adviser from Charles Schwab Corp , representing over half a billion dollars in client assets combined.
Robert Seaman, Brian Lippert, Mark Morena and Kent Beal joined the firm's Canton, Ohio, office from UBS. The team spent over 10 years at UBS and McDonald Investments, which was bought by UBS in 2007, according to Financial Industry Regulatory Authority filings.
The team previously oversaw $292 million in client assets and generated almost $2 million in annual fees and commissions, according to a person familiar with their business.
Constantine Kallenekos and John Marino joined Morgan Stanley Smith Barney's office in New York, also from UBS. The team spent four years at UBS, according to FINRA filings.
The pair previously oversaw $127 million in client assets and generated $1.5 million in annual fees and commissions, according to a person familiar with their business.
Benjamin Woo joined the company's San Francisco office from Charles Schwab. Woo spent almost nine years at Schwab, according to FINRA filings.
He previously oversaw $140 million in client assets and generated $1.4 million in annual fees and commissions, according to a person familiar with his business.
Morgan Stanley Smith Barney is a joint venture between Morgan Stanley and Citigroup .
(Reporting by Helen Kearney, editing by Gerald E. McCormick)
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