Morgan Stanley has recruited advisors managing nearly $1.3 billion in assets.In the larger of two moves, a team that managed $1.1 billion left Merrill Lynch to join Morgan.The team, comprised of advisors Michael Torpey and Charles Malamut, joined Morgan’s Northfield, N.J., office. The two advisors will report to Chris Shaw, Southern New Jersey complex manager at Morgan Stanley, according to a statement from the firm.Torpey and Malamut had a combined annual production of about $3.5 million.

via Morgan Stanley Recruits Billion-Dollar Advisor Team | On Wall Street.