Financial advisors Mark Donohue and Gordon Sommer of The Donohue Group left Morgan Stanley May 14 to join the rebranded J.P. Morgan Securities unit led by Phil Sieg since his promotion last month. Sieg came to the firm last year after decades at Merrill Lynch. Donohue’s Palm Beach Gardens, Florida-based team managed $1.1 billion in assets and generated $6.4 million in trailing 12-month production at Morgan Stanley.

Source: $1.1B team drops Morgan Stanley for J.P. Morgan Advisors | Financial Planning