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April 14, 2016 at 08:16 PM
Despite an apparent slowdown in recruiting, Morgan Stanley (MS) said it recently attracted five advisors with over $850 million in combined assets under management.
Beth Scanlan, formerly of Credit Suisse, joined as an executive director, portfolio manager and financial advisor. She and her team manage $375 million in in client assets in San Francisco, where they report to complex manager Patricia Benner.
Jose Fincheltub, also of Credit Suisse, is now part of Morgan Stanley’s office in Aventura, Florida, where he reports to complex manager Bill Van Scoyoc. Fincheltub’s prior assets under management came to $107 million, while he had yearly fees and commissions of about of $1.14 million.
In the firm’s Pasadena, California, office, Howard Wen came on board from Bank of America Merrill Lynch (BAC) as an international client advisor. He manages about $179 million and has annual production of $1.7 million; he now reports to complex manager Cynthia Newman.
Two other Merrill Lynch advisors, Lei Sun and Zhigang Shen, opted to join Morgan Stanley’s Florham Park, New Jersey, office. The pair’s prior assets under management totaled $190 million, and they had combined annual production of $1.8 million; they now report to branch manager Richard Donovan.
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