MSSB Reps Depart for Wedbush, Baird

The Morgan Stanley advisor joining Baird oversees $120 million in assets

Wedbush Securities and Baird have recruited advisors from Morgan Stanley Smith Barney (MS), the broker-dealers said Tuesday. Both advisors are coming to these firms as employee advisors. (Earlier this week, two Morgan Stanley teams moved to the independent channel of Wells Fargo by joining FiNet.)

Los Angeles-based Wedbush added Tina Huyler to its Private Client Services Group as vice president, investments. She is a 20-year industry veteran and will continue to serve clients in Colorado and surrounding regions.

“We are pleased to welcome Tina to our team of Wedbush financial advisors. Her seasoned approach to investing and proven track record of success aligns with the caliber of service we strive to provide our clients,” said Wesley Long (left), executive vice president and head of Private Client Services for Wedbush Securities, in a press release.

Wedbush, which is privately held, has more than more than 400 advisors in 100 offices nationwide. The broker-dealer’s five-year goal is to expand to 700 employee reps.

Milwaukee-based Baird hired R. Parker Griffith to head its wealth management office in Nashville, while also serving clients. At Morgan Stanley, Griffith managed about $120 million in assets.

According to Baird, the ex-MSSB advisor is replacing longtime branch manager Fred McLaughlin, who will continue to serve clients and grow his business as a Baird financial advisor.

“With more than 20 years of experience and a proven commitment to excellence, Parker is well positioned to continue a strong tradition of leadership in Nashville,” said Bill Johnson, regional director for Baird’s Private Wealth Management group in a press release. “We thank Fred McLaughlin, who remains a valued member of the Baird team in Nashville, for his excellent leadership and dedication as branch manager over the last 11 years.”

Baird, which is employee-owned, includes about 700 financial advisors who managed about $73 billion in client assets.

Griffith began his career as an advisor in 1991 with Robinson-Humphrey in Nashville in 1991 and remained there as the company merged with many firms – including Morgan Stanley in 1996.

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Check out this week's New Hire Roundup: Wells Fargo Advisors Names 3 to Key Roles and Wells’ FiNet Adds Teams From Morgan Stanley, UBS & Chase at AdvisorOne.

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