Recruiting Roundup: Morgan Stanley Grabs $1B Pair From Citi

This week’s new recruiting includes Morgan Stanley’s (MS) addition of three new advisors, one from Barclays and two from Citi Private Bank (C).

Also, wealth advisor Matt Riesenweber launched a new firm on LPL Financial’s (LPLA) broker-dealer platform, and Wescott Financial Advisory Group brought in a new chief operating officer.

William Goettert and John Entenberg recently left Citi Private Bank behind in favor of Morgan Stanley’s Boca Raton, Florida, office, where they report to Bert White, Boca West complex manager. Their combined yearly fees and commissions are about $5 million, and their prior assets under management total roughly $1 billion.

In New York, Louis Greif moved to Morgan Stanley from Barclays, which is currently being acquired by Stifel Financial (SF). He reports to Justin Ferdula, branch manager of the wirehouse’s 1290 Avenue of the Americas office, and his production is $1.25 million.

Wealth advisor Matt Riesenweber has launched a new advisory firm, Cornerstone Wealth Strategies. Cornerstone is based in Kennewick, Washington, and has both Riesenweber and Matt Wiser as advisors.