J.P. Morgan Securities recruits $550M trio from Morgan Stanley
J.P. Morgan Securities snapped up three advisors managing more than $550 million in combined client assets, the firm said.
The new hires joined the bank following a reorganization of its wealth management business under Kristin Lemkau. The newly constituted wealth unit will have approximately $400 billion in AUM and about 4,000 advisors working out of 3,500 branches and 21 offices.
The recruits, who were previously with Morgan Stanley, joined the bank’s elite unit serving high-net-worth and ultrahigh-net-worth clients.
Advisor David Rowe is partnering with father-daughter team Robert Bregman and Katherine Bregman Anton, according to their new employer. The trio is based in New York.
“The firm’s range of investment products and services will help us give our clients a leading edge in wealth planning,” the team said in a joint statement.
Rowe is an industry veteran who started his career in 1982, according to FINRA BrokerCheck records. He has past work experience at Merrill Lynch and Prudential Securities. He joined Morgan Stanley in 2003.
The senior Bergman started his career at Bear Stearns in 1990, per BrokerCheck. He moved to Smith Barney in 2008, staying through that firm’s acquisition by Morgan Stanley. His daughter joined him at the wirehouse in 2012.
A Morgan Stanley spokeswoman declined to comment.