Morgan Stanley Smith Barney (MSSB ) has hired six financial advisers from UBS and one from Charles Schwab, a spokesperson confirmed Monday, July 12.
Robert Seaman, Brian Lippert, Mark Morena and Kent Beal moved to Morgan Stanley’s Canton, Ohio, office. The former-UBS team reportedly earns about $2 million in yearly commissions and fees and has some $290 million in assets under management (AUM).
The team was at UBS for three and a half years. It now reports to Canton branch manager Jason E. Haines.
Another UBS team, Constantine Kallenekos and John Marino, joined Morgan Stanley Smith Barney in New York. The duo, which had been with Morgan Stanley for four years, produces close to $1.5 million in commissions and fees a year and has $127 million in assets.
The two will work at the MSSB office at 590 Madison Avenue and report to complex manager Michael Marchassalla.