Morgan Stanley nabbed a UBS team that managed $1 billion in client assets; however the wirehouse saw another team that produced nearly $3.7 million in annual revenue leave for the independent space with Raymond James.
The wirehouse is not the only one losing advisors to the indie channel. Wells Fargo saw two teams that produced roughly $3 million in annual revenue take the independence route. FiNet, on the other hand, hired an ex-Merrill Lynch advisor who oversaw more than $663 million in client assets.
See these and all the latest recruiting moves by clicking through our slideshow.