Deals & People July 12, 2010

Morgan Stanley Smith Barney Hires New Advisers

Morgan Stanley Smith Barney has hired two adviser teams from UBS AG and one adviser from Charles Schwab Corp, representing over half a billion dollars in client assets combined. 
Reported by

According to the report, one team from UBS will be joining the firm’s office in Canton, Ohio. Robert Seaman, Brian Lippert, Mark Morena, and Kent Beal spent over 10 years at UBS and McDonald Investments, where they oversaw $292 million in client assets and generated almost $2 million in annual fees and commissions.  

Also from UBS, Constantine Kallenekos and John Marino joined Morgan Stanley Smith Barney’s office in New York. According to a recent press release, the pair spent four years at UBS, and oversaw $127 million in client assets, generating $1.5 million in annual fees and commissions.  

Benjamin Woo joined the company’s San Francisco office from Charles Schwab, where he oversaw $140 million in client assets and generated $1.4 million in annual fees and commissions over a period of almost nine years.  

More information is available at www.morganstanleysmithbarney.com.   

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