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Practice management

Merrill Lynch Hires Two Morgan Stanley Advisors

By Lorie Konish
Published April 26, 2013, 7:21 p.m. EDT
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Updated July 27, 2016, 2:24 p.m. EDT
1 Min Read

Merrill Lynch’s ultra high net worth business, the Private Banking and Investment Group, has snapped up two Morgan Stanley Private Wealth Management advisors in Houston, Texas.

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Craig Massey and Mike Schmidt have been registered with the firm since April 19, according to their public registration records with the Financial Industry Regulatory Authority. Together, they oversaw $1.1 billion in client assets and had $3.5 million in fees and commissions.

Both Massey and Schmidt joined Morgan Stanley in 1998 from CIBC Oppenheimer, their registration records show.

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Lorie Konish
Former managing editor
Konish a former managing editor of On Wall Street.
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