Morgan Stanley MS said Tuesday that it recruited three advisors from rival wirehouse firms with a total of $3.7 million in yearly fees and commissions, while Janney Montgomery Scott announced early Tuesday that its advisors have been joined by a team formerly with Stephens.Arthur Levine moved to Morgan Stanley Wealth Management’s office in Ridgewood, N.J., from Wells Fargo Advisors WFC. Levine, who has had 12-month production of more than $2.4 million, now reports to branch manager Peter Christou.

via Morgan Stanley Nabs Wells, UBS Reps.