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Morgan Stanley grabs advisers with $410M in combined AUM

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Advisers overseeing a combined $410 million in client assets have joined Morgan Stanley, according to a source with knowledge of the moves.

The wirehouse recruited Ken Furst away from Stifel to work at the wirehouse's office in Boca Raton, Florida, according to FINRA BrokerCheck records. Furst had been managing about $280 million in client assets and had about $1.1 million in production while at Stifel, the source said.

Furst had been with Stifel since 2007, BrokerCheck records show. He worked at several firms prior to that and had started his career in 1989 at Halpert & Co.

Also joining Morgan in Boca Raton was Joseph Jiovenetta who was previously affiliated with ValMark, an independent broker-dealer, according to BrokerCheck. JioVenetta oversaw approximately $130 million in client assets and had about $1 million in production before joining the wirehouse, the source said.

Jiovenetta was affiliated with ValMark twice, the most recent since 2010, and prior to that from 1997 to 2008, according to BrokerCheck. He also was affiliated with LPL from 2008 to 2010. His career dates back to the mid-1980s.

Plus, advisers with $450M in combined AUM join Benjamin Edwards.
October 31

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