STREET MOVES: Morgan Stanley Hires Advisers From UBS, Merrill

Date : 01/07/2013 @ 1:24PM
Source : Dow Jones News
Stock : Bank of America Corp. (BAC)
Quote : 30.26  0.08 (0.27%) @ 12:05AM
Bank of America share price Chart

STREET MOVES: Morgan Stanley Hires Advisers From UBS, Merrill

Morgan Stanley (NYSE:MS)
Historical Stock Chart

5 Years : From Apr 2013 to Apr 2018

Click Here for more Morgan Stanley Charts.
  By Corrie Driebusch 

Morgan Stanley (MS) has hired financial advisers who manage a combined $650 million in client assets from the rival brokerage arms of Bank of America Corp. (BAC) and UBS AG (UBS, UBSN.VX).

The D&L Group advisory team of Diane Alecci and Lynn Blanchard has joined Morgan Stanley Wealth Management's Paramus, N.J., office from Merrill Lynch. The team, which generated roughly $2.9 million in fees and commissions annually on $500 million in client assets while at Merrill, will report to branch manager Eric Jansen.

Ms. Alecci had worked at Merrill for more than three decades and Ms. Blanchard was with Merrill since 1985, according to Financial Industry Regulatory Authority records.

Separately, Ralph Marra joined Morgan Stanley Wealth Management's Shrewsbury, N.J., office from UBS Wealth Management Americas. He previously managed $150 million and produced about $2.1 million annually.

Mr. Marra had been employed at UBS since 2008, at which time he joined from Merrill Lynch, according to Finra records.

A spokesman for Merrill Lynch and a spokeswoman for UBS confirmed the departures but declined to comment further.

(Street Moves chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and who manage more than $100 million in client assets.)

Write to Corrie Driebusch at

Subscribe to WSJ:

Latest BAC Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:us D:20180423 07:14:45