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September 05, 2012 at 10:29 AM
While some Merrill Lynch (BAC) advisors have been breaking away to go independent, the latest batch of Morgan Stanley (MS) departing advisors have chosen to keep their employee status.
This includes the team of Edward Moldaver (left), formerly of Morgan Stanley Smith Barney, who joined Barclays in New York on Wednesday, as well as advisors Robert Ceccarelli and John Hursh, who left MSSB on Friday to become part of Ameriprise Financial (AMP).
Moldaver, who now reports to Mark Stevenson, managing director and regional manager for New York, moves with a team that includes Wayne Chrebet, a former New York Jets player, and James Lee.
“We are very pleased to welcome this talented team of wealth management professionals to our firm,” said Mitch Cox, head of wealth management for Barclays in the Americas, in a press release.
“Our unique combination of custom wealth management, rich intellectual capital and direct access to the global resources of Barclays continues to attract top-performing advisors, as well as their clients, who seek a world-class platform.”
Moldaver comes to Barclays, which now includes about 250 advisors in the United States, with about 25 years of wealth-management experience; he is now a managing director at Barclays. At Morgan Stanley Smith Barney, which he joined in 2008, he founded the Moldaver 80 Group, a team of six wealth-management professionals.
Chrebet (right) joins Barclays as an assistant vice president. He worked with Moldaver at MSSB for four years. Prior to joining the wealth management industry, Chrebet was with the National Football League and played 11 seasons for the New York Jets.
