The war for advisor talent rages on. Firing the latest salvo is Morgan Stanley Smith Barney, who has snagged three financial advisor teams working with more than $1.36 billion in client assets from UBS Financial Services and Deutsche Bank Securities.
In Indianapolis, financial advisors Jonathan Klausner and John Duffy, who both placed on Barron’s Top 1,000 in 2012, join from UBS. Together, they previously had $4 million in annual fees and commissions and oversaw $650 million in client assets. Their team targets affluent and emerging affluent individuals and families with average accounts of $3 million and average net worth of $5 million.
Also joining Morgan Stanley with Klausner and Duffy’s team are financial advisor Derek Disalvo and client service associates Jenny Margason and Caryn Wilkinson. The team reports to Indiana Complex Manager Kathy Birk and Branch Manager Kenneth Langston.
In Philadelphia, Marc Richman and Brian Bernhardt join Morgan Stanley Private Wealth Management from Deutsche Bank, where they had $2.96 million in annual fees and commissions and $500 million in client assets under management. Richman and Bernhardt report to Philadelphia Complex Manager Richard Frick.
In Melville, N.Y., James Flood and Michael Romer join from UBS. Together, they previously had $1.65 million in annual fees and commissions and oversaw $213 million in client assets. They report to Suffolk County Complex Manager Dino Carfora.
Lorie Konish writes for On Wall Street.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access