Updated Wednesday, June 19, 2013 as of 3:42 PM ET
- Wirehouses
Morgan Stanley Nabs Three-Advisor Team From Merrill
On Wall Street
Wednesday, February 20, 2013
Print
Email
Reprints

Morgan Stanley Wealth Management has snapped up a three-member team from Merrill Lynch with $1.3 million in production in the firm’s latest acquisition in its hunt for new advisory talent.

The team includes Nikesh Kadakia, Joseph Pastore and Kirk Snyder, who moved to Morgan Stanley in El Segundo, Calif., on Feb. 15, according to their public registration records with the Financial Industry Regulatory Authority.

Kadakia had been registered with Merrill Lynch for about 13 years, FINRA registration records show, while Pastore had been with the firm for more than 10 years and Snyder served at Merrill Lynch for about three years. The team reports to branch manager David Fahey.

The hires come as Morgan Stanley also turned to competitor firms J.P. Morgan Securities and Wells Fargo for four other advisor hires disclosed earlier this month.

That includes three member team operating under the name Sheresky/Samsen Group—including advisors Jeffrey Sheresky, Steven Sheresky and Jeffrey Samsen—that joined the firm from J.P. Morgan Securities in midtown Manhattan. Together, they most recently oversaw $290 million in client assets. They report to complex manager Ben Firestein.

In addition, financial advisor Calvin Mason joined the firm in Pueblo, Colo., from Wells Fargo. Mason most recently had $144 million in client assets under management and $1.43 million in fees and commissions.

Comment
Be the first to comment on this post using the section below.
Post a Comment
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Practice Management
Advisors: Talk About Fees Up Front
Guides and Supplements
30-days-30-ways-2013

Current Issue

The June Issue is now online!


506515_Business Gold Rewards Card from American Express OPEN
TWITTER
FACEBOOK
LINKEDIN
Quick Polls
Are You Considering Changing Firms This Year?
Yes, to Another Wirehouse or Regional Firm.

14%

Yes, Considering Independence.

14%

No.

71%

Industry Events

June 20, 2013 |

June 24, 2013 | Miami Beach, FL

July 30, 2013 | Las Vegas, NV

August 7, 2013 | San Diego

September 22, 2013 | New Orleans, LA

Already a subscriber? Log in here