Morgan Stanley Hires Three Financial Advisers -- Street Moves
September 01 2015 - 4:42PM
Dow Jones News
By Michael Wursthorn
Morgan Stanley hired three financial advisers in August,
including one from Barclays PLC's U.S. wealth-management
division.
Adviser Louis Greif, from Barclays, joined Morgan Stanley in New
York, a spokeswoman for the firm said Tuesday. William Goettert and
John Entenberg, from Citigroup Inc.'s private bank, joined in Boca
Raton, Fla.
Mr. Greif, who has generated $1.3 million in fees and
commissions annually, joined the firm on Aug. 3, while, Messrs.
Goettert and Entenberg started on Aug. 14. Those two managed $1
billion in client assets at Citi and generated $5 million in annual
production.
Both Mr. Goettert and Mr. Entenberg had been at Citi since 2010
and were at Merrill Lynch for 10 years before that, according to
their BrokerCheck records.
Barclays declined to comment on Mr. Greif's departure. A Citi
spokeswoman confirmed that Messrs. Goettert and Entenberg left the
firm, but declined to speak further on the matter.
Mr. Greif, who had been at Barclays since 2013 after a 15-year
stint at UBS Group AG, is the latest Barclays adviser to depart the
firm ahead of joining Stifel Financial Corp., which agreed to buy
Barclays's U.S. wealth unit in June.
Dozens of the 180 Barclays advisers at the time of the deal's
announcement have joined rivals such as Merrill Lynch and Morgan
Stanley, while others have launched independent practices, passing
on deals to join Stifel.
Stifel previously said it expects to close the Barclays purchase
in November.
Write to Michael Wursthorn at michael.wursthron@wsj.com
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(END) Dow Jones Newswires
September 01, 2015 16:27 ET (20:27 GMT)
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