Morgan Stanley (MS) said Monday that it recruited four advisors from rivals with $434 million in client assets, while the independent broker-dealer Commonwealth attracted nine reps from its largest competitor with some $255 million.
Calvin Mason recently joined the Morgan Stanley Wealth Management office in Pueblo, Colo., from Wells Fargo (WFC). Mason has had yearly fees and commissions of more than $1.4 million and total client assets of $144 million.
The Sheresky/Samsen Group—including Steven Sheresky, Jeffrey Sheresky and Jeffrey Samsen—moved to Morgan Stanley in Midtown Manhattan from JPMorgan Chase (JPM). The team had prior assets of about $290 million.
All three advisors joined Bear Stearns Private Client Services in the mid-1980s, before it became JPMorgan Securities. They now report to complex manager Ben Firestein.
More Info: Morgan Stanley Adds 4 Wells, JPMorgan Reps; Commonwealth Grabs 9 LPL Advisors.