Jefferies Grabs Barclays Team
Jefferies announced it was expanding its small broker-dealer practice with the addition of three veteran advisors from Barclays.
Joining Jefferies are Adam Shafiroff, Laurence Shafiroff and Morgan McLanahan, who bring a focus on REITs and MLPs, according to the firm. It was unclear whether the two Shafiroff are related. [We] are very pleased to welcome Adam, Laurence and Morgan to our unique Wall Street culture, said Michael Armstrong, Global Head of Wealth Management at Jefferies, in a statement.
Adam Shafiroffs 34 year career includes time with a number of firms, including RBC, Morgan Stanley and Prudential. Prior to joining Jefferies, Laurence Shafiroff spent his 29 years in the industry between Lehman Brothers and Merrill Lynch. McLanahan has 21 years in the industry, having previously worked at Lehman and Bear, Stearns & Co.
The trio joins a firm that currently employs 80 wealth management professionals worldwide, and currently has $5 billion in assets under management.
Morgan Lures Advisors with $565M in AUM
Five advisors flowing into Morgan Stanley’s offices around the country this past week brought over a half billion in assets under management and more than $3 million in revenue.
The firm continues to add advisors to its Aventura, Fla., complex, announcing two hires from JP Morgan Chase that bring $175 million in assets under management. Michael Zalkind and John Williams will report to complex manager Bill Van Scoyoc. The pair had a combined $2.1 million in production. According to FINRA broker records, Zalkind’s 15-year career recently included positions with Chase and Washington Mutual. Prior to JP Morgan, Williams spent six years as an advisor, including time with Chase.
Merrill Grabs UBS Advisors with $500 AUM
Merrill Lynch hired away three advisors from UBS, collectively managing $500M in assets. Rajeev Rathi, Kanwar Singh and Steve Coleman joined Merrill Lynch’s Chicago offices last week. The three had production of close to $5 million, according to Merrill Lynch.