Morgan Stanley Smith Barney (MSSB) appointed four financial advisers, who handled a total $533 million in client assets, The Wall Street Journal reports. Formerly with Merrill Lynch Wealth Management, Thomas Anderson and Jon Bancks joined Morgan Stanley’s Cedar Rapids to yield $2.5 million in fees and commissions. The team had $274 million in assets under management.
MSSB also appointed Lawrence Gift and Hugh Hamilton from RBC Capital Markets. The team works under Houston-Galleria complex manager Matt Kabot and had roughly $1.2 million in annual production and managed $259 million in client assets.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.
MSSB Hugh Hamilton Lawrence Gift Thomas Anderson Jon Bancks